GAIL shares surge nearly 6% on buyback talks
Shares of GAIL (India) on Tuesday gained nearly 6 per cent after the company announced it will consider buyback of shares.
The stock jumped 5.74 per cent to Rs 143.50 — its 52 week high — on BSE.
On NSE, it gained 5.74 per cent to its one-year high of Rs 143.50.
GAIL (India), the nation’s largest gas distribution firm, will on Friday consider buyback of shares with a view to returning surplus cash to shareholders, the biggest being the Government of India.
