Ripples Advisory : Bharat Electronics gains 3% on buyback proposal

A meeting of the board of directors of the company is scheduled to be held on January 30, to consider and approve, unaudited standalone financial results for the quarter and nine months ended December 31, 2017.


Shares of Bharat Electronics gained nearly 3 percent in the early trade on Thursday as a board to consider buyback of equity shares.

A meeting of the board of directors of the company is scheduled to be held on January 30, to consider and approve, unaudited standalone financial results for the quarter and nine months ended December 31, 2017.

The board will also consider declaration of interim dividend for the financial year 2017-18.

At the said board meeting, the proposal for buyback of the fully paid-up equity shares of the company of face value of Re 1 each will also be considered by the board.

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