VRL Logistics: eyes on results, buyback

Shares of VRL Logistics will remain in focus, as its board of directors will meet on Friday to consider a buyback of shares. The board will also take on record the reviewed unaudited financial results for the quarter and half-year ended September 30. Investors will keenly watch the number of shares the company plans to buy back and the offer price. The mode of buyback -- open market purchase or tender route -- would also be of interest to investors.