OMDC shares plunge 5% on delay in bonus issue

Shares of OMDC plunged 5 per cent to touch its lower circuit limit of Rs 53,404.30 on the BSE.

Shares of Orissa Minerals Development Company Ltd (OMDC) tanked 5 per cent to hit the lowest trading permissible limit for the day amid postponement of the board meeting to consider bonus issue.

Shares of OMDC plunged 5 per cent to touch its lower circuit limit of Rs 53,404.30 on the BSE.

At the NSE,the scrip lost 5 per cent to Rs 52,561.15.

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In a filing to the BSE,the company said the meeting scheduled to be held today is postponed due to some unavoidable circumstances.

The company did not indicate any fresh date for a meeting to consider the issue of bonus shares.

Meanwhile,in the stock market,the BSE benchmark Sensex ended at 17,384.40,down 45.16 points.

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