Hot Pursuit     09-Nov-11
OMDC firms ahead of board meeting on stock-split proposal
Orissa Minerals Development Company rose 1.8% to Rs 50221 at 9:59 IST on BSE, ahead of today's board meeting to consider a stock split proposal.

Meanwhile, the BSE Sensex was up 18.03 points, or 0.1%, to 17,587.56

On BSE, 1,129 shares were traded in the counter compared with the average daily volume of 1,401 shares over the past two weeks.

The stock hit a high of Rs 50600 and a low of Rs 49650 so far during the day. The stock had hit a record high of Rs 92200 on 15 November 2010 and a 52-week low of Rs 39401.05 on 19 August 2011.

The mid-cap stock had outperformed the market over the past one month till 8 November 2011, advancing 13.12% compared with the Sensex's 8.24% rise. The scrip had also outperformed the market in past one quarter, gaining 5.25% as against 3.41% gain in the Sensex.

The state-run iron ore miner has an equity capital of Rs 0.60 crore. Face value per share is Rs 10.

Orissa Minerals Development Company (OMDC) unveils its Q2 September 2011 results today, 9 November 2011. OMDC's net profit fell 76.3% to Rs 3.26 crore on 46.4% fall in total income to Rs 17.62 crore in Q1 June 2011 over Q1 June 2010.

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