Guj Ambuja Exports locked at 20% upper circuit

Gujarat Ambuja Exports is locked at 20% upper circuit on the Nifty. The share jumped 16.54% to Rs 30.30 on high early volumes of 88041 shares, after the company fixed share buyback at a maximum price of Rs 38 per share.

It had touched an intraday high of Rs 31.20 and an intraday low of Rs 30.There were pending buy orders of 58 shares, with no sellers available.It is trading with volumes of 34,333 shares, compared to its five-day average of 14,856 shares, an increase of 131.11%.Yesterday the share closed up 0.39% at Rs 26.