Smartlink Network Systems rose 13.06% to Rs 101.30 at 9:20 IST on BSE after the company said its board will meet on 7 April 2018 to consider buyback of equity shares.
The announcement was made after market hours yesterday, 4 April 2018.Meanwhile, the S&P BSE Sensex was up 392.99 points, or 1.19% to 33,412.06.
On the BSE, 33,000 shares were traded in the counter so far compared with average daily volumes of 6,697 shares in the past two weeks. The stock had hit a high of Rs 101.40 and a low of Rs 96.50 so far during the day. The stock hit a 52-week high of Rs 137 on 10 January 2018. The stock hit a 52-week low of Rs 79.10 on 2 April 2018.
Net profit of Smartlink Network Systems rose 145.39% to Rs 3.46 crore on 43.93% rise in net sales to Rs 4.39 crore in Q3 December 2017 over Q3 December 2016.
Smartlink Network Systems is engaged in the business of developing, manufacturing, marketing, distributing and servicing of IT networking products.
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