Shares of Great Eastern Shipping surged after the company announced a board meeting to consider a buyback of fully paid-up equity shares, signalling investor optimism amid recent operational strength.
Great Eastern Shipping shares climbed after the company said its board will meet on 27 August to consider a buyback of fully paid-up equity shares, a move that came after market hours on Monday and lifted sentiment in the stock on Tuesday. The shares rose as much as 3.31% to Rs 1,373 on the NSE before easing, reflecting investor interest in a possible capital return alongside the company’s recent operating strength. Reuters-style market reporting from Business Standard and Zee Business both noted the jump in the stock after the announcement. cite?
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