Geodesic, technology solutions provider, sizzled 20% on Thursday
after the board of directors have approved the proposal to buy-back
of 25% of the equity shares through open offer. 
The board announced a dividend policy
wherein dividend will be declared in AGM of shareholders and 14 to
18% of net profits will be distributed as dividend except in cases
of availability of certain exceptional growth opportunities and
buybacks.Shares ofthe companyare trading at Rs 42.15, up Rs 7, or
19.91% at the Bombay Stock Exchange (BSE) on Thursday at 1:36
p.m.The scrip has touched an intra-day high of Rs 42.15 and low of
Rs 36.35. The total volume of shares traded at the BSE is
595,191.In the earlier session, the shares lost 3.17%, or Rs 1.15,
at Rs 35.15. Currently, the stock is trading down 35.75% from its
52-week high of Rs 65.60 and above 24.89% over the 52-week low of
Rs 33.75.
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