R Systems Surges to Life High on Buyback Plan

Software company R Systems International Ltd surges 13.2 per cent on Thursday. The stock rose as much as 16.3 per cent to mark life high at Rs 80.

Software company R Systems International Ltd surges 13.2 per cent on Thursday. The stock rose as much as 16.3 per cent to mark life high at Rs 80.

The stock surged after the company said in a statement that its board will meet on December 20 to consider buyback of equity shares.

R Systems shares were trading up 12.61 per cent at Rs 77.70, on BSE as of 2.43 p.m.

Copyright: Thomson Reuters 2014

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