Reuters Market Eye - Steel Authority of India(SAIL.NS) shares gained over 5 percent after CNBC-TV18 newschannel quoting finance ministry sources said the SAIL board will consider a buy-back of equity shares on February 25, several dealers said.
The news channel also said the buyback was likely around 85-90 rupees a share.
A SAIL spokeswoman declined to comment immediately.
SAIL shares up 1.7 percent at 79.80 rupees at 1.35 pm.
Reporting by Manoj Dharra