Weizmann Forex falls 20%; board to meet Monday to consider share buyback

The stock is locked in lower circuit of 20% at Rs 683 on the BSE, tanked 52% thus far in the calendar year 2018.

Shares of Weizmann Forex are locked in lower circuit of 20% at Rs 683 per share on the BSE with only sellers were seen on the counter.

Thus far in the calendar year 2018, the stock of financial services company tanked 52% from Rs 1,415, as compared to 2% rise in the S&P BSE Sensex. It touched an all-time high of Rs 1,640 on December 5, 2017 on the BSE in intra-day trade.

Weizmann Forex on Tuesday said the board of directors of the company is scheduled to meet on Monday, June 4, 2018 to consider the proposal