Piramal Healthcare dwindled by 3.36% at Rs. 498.05 at 10:07 IST on BSE, following the company's panel projected a buyback of 20% of its remaining shares at Rs. 600 all as a gauge of recompensing shareholders.

The buyback cost of Rs. 600 per share was petite of market prospects of a buyback cost of Rs. 700 a share. The buyback cost of Rs. 600 each is 20.46% premium above the governing market price. The buyback is from side to side the tender proffer course.

On Friday, 22 October 2010, the company declared the buyback set up along with Q2 September 2010 outcome subsequent to the market hours. In the meantime, the BSE Sensex was trailing up by 265.09 points, or 1.31%, to
20,430.95.

On BSE, 2.73 lakhs shares were operated in counteract as in opposition to an average daily quantity of 18.07 lakhs shares in the precedent one quarter.

The stock strikes far above to the ground of Rs. 509 and a near to the ground of Rs. 485.65 up to now in the day. The stock had strike a record elevation of Rs. 599.90 on 21 May 2010 and a 52-week near to the ground of Rs. 331 on
28 January 2010.