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Shares of Rane Brake Lining surged 13 per cent to Rs 659 on the BSE in the early morning trade on Tuesday after the company said its board will meet on Thursday to consider share buyback proposal.
“The exchange may please note that the board of directors at its meeting convened on October 15, 2020, is scheduled to inter-alia consider a proposal for buyback of equity shares of the Company and matters connected thereto,” Rane Brake Lining said in an exchange filing.
In the past six months, the stock of the auto ancillary company rallied 62 per cent, as compared
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