India, July 10 -- Shares of Tracxn surged as much as 10% to INR 63.86 during the intraday trading today (July 10) after the company announced a share buyback worth nearly INR 8 Cr.

The stock gave up some of the gains to end 7.13% higher at INR 62.18 apiece. A total of 28.8 Lakh shares changed hands today. The company's market capitalisation stood at $77.7 Mn (INR 666.03 Cr) at the end of the session.

Earlier this week, the company's buyback committee approved a special resolution to buy back 11.42 Lakh equity shares from existing shareholders at INR 70 apiece through the tender route. To note, this was a 21% premium from the INR 58.04 closing price of the stock on the date of the approval.

The company's shareholders approved the buybac...