Matrimony.com shares have experienced a significant increase, trading at ₹822.70, which reflects a rise of ₹76.75 or 10.29% as of 9:16 AM today. This surge in stock price is attributed to the anticipation surrounding the company’s upcoming board meeting scheduled for September 5, where a share buyback proposal is expected to be discussed.
The company’s market capitalization currently stands at approximately ₹1,646 crore, and the stock has shown a strong performance recently, rising notably in the past month. Investors are keenly watching this meeting, as share buybacks often signal management’s confidence in the company’s future and can provide a boost to shareholder value.
