Bayer CropScience shares hit 52-week high on buyback plans

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Bayer CropScience shares hit 52-week high on buyback plans - Economic Times You are here: Home>Collections>Equity SharesBayer CropScience shares hit 52-week high on buyback plansECONOMICTIMES.COM Jul 19, 2013, 01.15PM ISTTags:Stock|Shares|Security Buyback|Market|BSE|Bayer CropScience(Shares of Bayer CropScience…)

MUMBAI: Shares of Bayer CropScience surged higher in trade today after the company announced that the board of directors will meet on July 22, to consider a proposal for buy back of the equity shares.

At 12:50 p.m.; it was at Rs 1,724.45, up 4.10 per cent, on the BSE. It touched a high of Rs 1,769 and a low of Rs 1,705.10 in trade today.

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As per the BSE website, promoters hold 71.11 per cent stake, foreign institutional investors hold 5.27 per cent, domestic institutional investors hold 11.56 per cent stake in the company.

The stock has been on an upmove recently and gained over 17 per cent in the last 10 trading sessions.

body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"3278470286\";google_ad_width=\"640\";google_ad_height=\"110\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"2\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="640" height="110">FEATURED ARTICLES10 best tax-saving investmentsInfosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, FrankfurtIndian engineering graduates' degrees to be recognised across 17 countriesMore:Indian engineering graduates' degrees to be recognised across 17 countries10 steps to file your income tax return onlineIndia's first e-reader Wink unveiled, supporting 15 languagesFed warns of catastrophe if $14.3-trn debt limit not raisedMalaysia Airlines MH17: Rebels agree to security zone at Ukraine crash siteUkraine rescuers recover 181 bodies at Malaysia Airlines MH17 crash site body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"4755203488\";google_ad_width=\"300\";google_ad_height=\"250\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"4\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="300" height="250"> Bayer CropScienceBSE NSE 1 803.80 -2.42 % -44.90Vol: 531 shares traded 1 818.85 -1.82 % -33.75Vol: 723 shares traded Prices|Financials|Company Info|ReportsRELATED ARTICLESEicher Motors approves equity buy-back plan
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June 25, 2013IN-DEPTH COVERAGEEquity SharesBayer Cropscience© 2014 Bennett, Coleman & Co. Ltd. All rights reservedIndex by Keyword|Index by Datewww.economictimes.comFeedback|Privacy Policy|Terms of Use|Advertise with us document.write(unescape("%3Cscript src='" + (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js' %3E%3C/script%3E")); COMSCORE.beacon({ c1:2, c2:6036484, c3:"", c4:"", c5:"", c6:"", c15:"" });

Bayer CropScience shares hit 52-week high on buyback plans

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Bayer CropScience shares hit 52-week high on buyback plans - Economic Times You are here: Home>Collections>Equity SharesBayer CropScience shares hit 52-week high on buyback plansECONOMICTIMES.COM Jul 19, 2013, 01.15PM ISTTags:Stock|Shares|Security Buyback|Market|BSE|Bayer CropScience(Shares of Bayer CropScience…)

MUMBAI: Shares of Bayer CropScience surged higher in trade today after the company announced that the board of directors will meet on July 22, to consider a proposal for buy back of the equity shares.

At 12:50 p.m.; it was at Rs 1,724.45, up 4.10 per cent, on the BSE. It touched a high of Rs 1,769 and a low of Rs 1,705.10 in trade today.

body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"3278470286\";google_ad_width=\"640\";google_ad_height=\"160\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"4\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="640" height="160">

As per the BSE website, promoters hold 71.11 per cent stake, foreign institutional investors hold 5.27 per cent, domestic institutional investors hold 11.56 per cent stake in the company.

The stock has been on an upmove recently and gained over 17 per cent in the last 10 trading sessions.

body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"3278470286\";google_ad_width=\"640\";google_ad_height=\"110\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"2\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="640" height="110">FEATURED ARTICLESNarendra Modi's list of top 10 priorities for the economyStep-by-step guide to file your income tax return onlineIndian engineering graduates' degrees to be recognised across 17 countriesMore:Indian engineering graduates' degrees to be recognised across 17 countries10 best tax-saving investmentsIndia's first e-reader Wink unveiled, supporting 15 languagesBudget 2014: How PM Narendra Modi's first Budget may look likeFed warns of catastrophe if $14.3-trn debt limit not raised10 steps to file your income tax return online body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"4755203488\";google_ad_width=\"300\";google_ad_height=\"250\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"4\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="300" height="250"> Bayer CropScienceBSE NSE 1 762.10 0.10 % 1.85Vol: 403 shares traded 1 770.60 -0.12 % -2.20Vol: 867 shares traded Prices|Financials|Company Info|ReportsRELATED ARTICLESEicher Motors approves equity buy-back plan
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June 25, 2013IN-DEPTH COVERAGEEquity SharesBayer Cropscience© 2014 Bennett, Coleman & Co. Ltd. All rights reservedIndex by Keyword|Index by Datewww.economictimes.comFeedback|Privacy Policy|Terms of Use|Advertise with us document.write(unescape("%3Cscript src='" + (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js' %3E%3C/script%3E")); COMSCORE.beacon({ c1:2, c2:6036484, c3:"", c4:"", c5:"", c6:"", c15:"" });

Banks lead European shares lower as US fine concern hits Commerzbank

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* FTSEurofirst 300 and Euro STOXX 50 both fall 1.1 pct

* Commerzbank falls 5.3 pct on U.S. settlement fears

* Austrian banks hit by CEE exposure, investor haircut (Adds quote, detail, updates prices)

By Alistair Smout

EDINBURGH, July 8 (Reuters) - Banking stocks led European shares lower on Tuesday as German banks became the latest lenders to be negotiating a costly legal settlement with U.S. authorities.

At 1406 GMT, the pan-European FTSEurofirst 300 index was down 1.1 percent at 1,366.50 points, extending losses in afternoon trade in line with US stocks.

Euro zone banks fell 2.9 percent, the biggest sectoral faller, led lower by Commerzbank.

Shares in the German lender fell 5.3 percent as sources told Reuters that U.S. authorities had begun settlement talks with the bank and its larger rival Deutsche Bank, down 2 percent, over their dealings with countries blacklisted by the United States.

The New York Times reported that Commerzbank's settlement was expected to include at least $500 million in penalties. This compares to an almost $9 billion settlement struck by France's BNP Paribas in a similar case earlier this year.

"Stories about banks getting embroiled in regulatory investigations will be the new narrative for quite some time," Michael Hewson, chief market analyst at CMC Markets, said.

Mike Reuter, a broker at Tradition, said a fine of up to around one billion dollars would be accepted by the market.

"Unless they get a very big fine like BNP, I don't think it will suffer like the other banks (hit by U.S. investigations)," he said.

Austrian banks were also under pressure, with Erste Group down 3.5 percent and Raiffeisen Bank down 6 percent.

Erste was downgraded by Goldman Sachs, Citi and Deutsche Bank on Tuesday after last week's profit warning, and traders said that exposure to weakening markets in eastern Europe could hinder the country's banking sector.

New Hungarian legislation to compensate borrowers for unfavourable interest rates will require "material capital injections" from the foreign parents of banks operating the country, ratings agency Fitch said on Tuesday.

"The central and eastern European exposure of Austrian banks is a big issue. Raiffeisen in particular has a very large exposure there, and the economy in the region has problems," Mike Ingram, market analyst at BGC Partners, said.

"Banks generally have been struggling."

The lower house of the Austrian parliament also approved legislation to wipe out some subordinated creditors of nationalised bank Hypo Alpe Adria, in a move that ratings agencies said was a dangerous precedent.

The Euro STOXX 50 index was down 1.1 percent, at 3,194.99 points, taking its fall over the last three days to 3 percent and leaving the index at its lowest since late May.

The index has been marking higher lows since December but on Monday it broke below its 50-day moving average, in what is often considered a bearish technical signal.

"Our view on the Euro STOXX 50 is still bullish as prices remain above a strong ascending trend line drawn from December 2013 (currently at 3,080 points)," Philippe Delabarre, an analyst at Trading Central, said.

"Nevertheless, yesterday, the break below the 50-day simple moving average was the first weakness signal. Our targets remain 3,330 and 3,440 points as long as 3,080 is a support threshold."

Europe bourses in 2014: link.reuters.com/pap87v

Asset performance in 2014: link.reuters.com/gap87v

Today's European research round-up (Additional reporting by Francesco Canepa, editing by Louise Heavens)