24 Oct 2020 | 4:06 AM

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OMDC hits new 52-week high on stock-split & bonus issue plans
  Orissa Minerals Development Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-06-2012
Shares of The Orissa Minerals Development Company Limited has hit the upper circuit at 5 per cent to a new 52 weeks high of Rs 57 516.45 to extend its gains on reports of stock split and bonus issue plans. The stock of state-owned mining company has rallied 90 per cent in last nine trading sessions from Rs 30 314 on July 24 on the Bombay Stock Exchange. The board of directors of the company is scheduled to meet on August 11 2012 to consider the issue of bonus share and issue of splitting of shares of OMDC in 1:10 ratio (from face value of Rs 10 each to Re 1 each). Earlier the board has decided to meet on August 9 to discuss the issue. Shares of the company were currently trading at Rs 57 516.45 up 5 per cent on BSE. In a similar fashion shares of the company were quoting at Rs 57 602.70 a piece up 5 per cent on the National Stock Exchange (NSE). Meanwhile the broader benchmark Sensex was quoting at 17 424.61 up 226.68 points at 10:55 hours.