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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?

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