Edelweiss Financial Services, one of India's leading financial services groups, surged on Monday after the company said that its board of directors will meet on Apr. 23, 2014, to consider the buy-back of equity shares.

Shares of the company are trading at Rs 34.70, up Rs 1.8, or 5.47% at the Bombay Stock Exchange (BSE) on Monday at 11:58 a.m.

The scrip has touched an intra-day high of Rs 34.90 and low of Rs 33.70. The total volume of shares traded at the BSE is 192,283.

In the earlier session, the shares rose 2.33%, or Rs 0.75, at Rs 32.90. Currently, the stock is trading down 0.86% from its 52-week high of Rs 35 and above 39.36% over the 52-week low of Rs 24.90.