Shares of Avantel will remain in focus, as the company’s board is meeting on Thursday to consider, among other things, a buyback proposal. Traders and analysts would be keen to know the size and offer price. The stock on Wednesday closed at ₹79.7 on the BSE. Earlier last month, the company had withdrawn the buyback plan (at a price of ₹75) as the stock had jumped sharply, making the offer unattractive. The stock has jumped over 80 per cent this year.

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