Record High: Aurobindo Pharma’s stock price reached an all-time high today, July 15th, 2024.
Buyback Proposal: This surge comes after the company announced their board will meet on July 18th to consider their first-ever share buyback program.
Investors are likely reacting positively to the potential buyback, which could increase the value of remaining shares.
Here are some additional points to consider:
The buyback details (like price and number of shares) will be determined at the board meeting on July 18th.
Aurobindo Pharma’s strong financial performance, including a 79.6% rise in net profit for Q4FY24, might also be contributing to the stock’s positive momentum.