MRO TEK Ltd zooms on proposal to buy-back equity shares

The shares of MRO TEK Ltd zoomed to hit the upper circuit of 20% today after the company announced that a meeting of the Board of Directors of the Company will be held on March 30, 2007, inter alia, to consider, buy - back of Company's equity shares, at prevailing market rates, through stock exchange mechanism.

In BSE, the stock was frozen at the upper circuit level of Rs.48.10 up by Rs.8 (+19.95%) compared to its previous close of Rs.40.10. The total traded quantity was 203373 shares compared to its 2 week average quantity of 20136.

The stock had an intraday low of Rs.40.75 and high of Rs.48.10.

Source : Equity Bulls

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