Select PSU Stocks Soar Amid Buzz Of Buyback Announcement

Select PSU stocks rallied today amid buzz that these companies could soon announce buyback offers. MMTC surged 15 per cent to Rs 44.80, State Trading Corporation of India rose 12 per cent to Rs 102.80 while Dredging Corporation of India advanced 8.4 per cent to Rs 415.70 to be top three gainers in the BSE 500 index. In comparison, Sensex was down 0.70 per cent in noon trade.  The rally in these companies comes in the wake of two st...