Bombay Rayon Fashions shares dropped on Thursday after the company declared a lock-out at its mill division located at Dodaballapur, Bangalore as a part of restructuring exercise.

As a part of the company's code of conduct for prevention of insider trading, it has decided to close trading window till Mar. 20, 2014.

Shares of the company are trading at Rs 198.05, down Rs 1.50, or 0.76% at the Bombay Stock Exchange (BSE) on Thursday at 10:33 a.m.

The scrip has touched an intra-day high of Rs 215.50 and low of Rs 193.80. The total volume of shares traded at the BSE is 110,140.

In the earlier session, the shares lost 0.97%, or Rs 1.95, at Rs 198.05.

Currently, the stock is trading down 23.8% from its 52-week high of Rs 259.90 and above 30.68% over the 52-week low of Rs 151.55.