Tuesday, February 26, 2008

Reliance Energy Buy Back possible

Reliance Energy shares were up 3.5 per cent after the company said its board will meet on March 5 to consider a share buyback. At 10:29 am, the share was up 3.5 per cent at Rs 1,680 with volume traded at 1,63,872 against two week average of 10,99,946 shares.

The buy back price and amount alloted will be decided on that day. But this may certainly make the price of share move up.
Another thing, RPower may also move with REnergy as these shares are often linked with each other in price.


at 2:59 PM

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