Money on the markets

A maturing market amid the mayhem

MMTC announces share bonus and split

June 29, 2010

The board of MMTC approved a 10-for-1 stock split and a 1-for-1 bonus share issue on Tuesday.

Shares in the state-run trading firm ended down 1.8 percent at 31,943 rupees, with volumes of 16,164 shares.

The counter had jumped nearly 21 percent to 34,476.60 rupees on June 15 after the firm’s announcement that its board would consider this move.

MMTC shares, which generally trade with low volumes, have gained as much as 6.8 percent this month.

Will you buy this stock after it the share split?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •