MMTC Share Price Rises By 34%
By Chandrajit, Gaea News NetworkThursday, July 29, 2010
Mumbai (Gaeatimes.com) — A 34 % rise in the profit of MMTC Q1 has been announced shortly. In numerical terms, the profits have risen to Rs. 55.23 crore for the Quarter to June.
The Government has a equity of 99.33% in the firm. On 20th July, the mandatory EGM approval made them split their shares to a face value of Rs. 10 into 10 scrips of Rs. 1 each.
The company’s floating stock is rising up with the stock split and the one-one bonus issue. Interestingly, out of the 5 crore shares, the President of India holds 4.96 crore shares which are not available in the market.
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