HSIL hits fresh 52-wk high, gains 17% in 3 days on board's nod for buyback

The board on Monday approved buyback of shares at Rs 105 per share for an aggregate amount of Rs 70 crore via open market.

Shares of HSIL hit a fresh 52-week high of Rs 83.40, up 6.5 per cent on the BSE on Thursday in an otherwise weak market. The stock of the container and packaging company recovered 14 per cent from its intra-day low of Rs 73 touched in the early morning deal today.

In the past three trading days, shares of HSIL have surged 17 per cent after its board on Monday approved the buyback of shares at Rs 105 per share for an aggregate amount of Rs 70 crore via open market.

"At the maximum buyback price and for