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JK Lakshmi Cement up 16.01% and at 52 week high on buyback proposal
JK Lakshmi Cement has gained 16.01% at Rs 56.15 and touched 52 week high after the company announced buyback of its own equity shares from the exiting shareholders.

The board of directors of the company will meet on February 07, 2012 to approve and take on record the unaudited financial results of the company for the third quarter ended December 31, 2011.

Further, the directors may also consider and approve a proposal for Buy-back of the company's equity shares, a mid-cap cement manufacturer said in a filing to the stock exchanges.
(updated - 03 Feb 2012)
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