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MMTC shares drop 4.1 percent

June 16, 2010

Shares in state-run trading firm MMTC fell 1,412 rupees to 33,064 rupees, after rallying nearly 21 percent in the previous session.

The stock had jumped to 34,476.60 rupees on Tuesday after the firm said it would consider a bonus issue and stock split on June 29.

Average daily trading volume of this counter has been 684 shares in 2010. However, on Tuesday the volume stood at 8,928 shares, its highest since January 15.

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