06 May 07 GMDC stock split
The board of Gujarat Mineral Development Corporation (GMDC) has recommended splitting the face value of GMDC’s shares. The record date for the stock split has not been announced yet. The stock split will boost the trading volume in GMDC shares and thereby increase investors interest in GMDC counter. The shares of GMDC have zoomed as soon as this announcement was made. From Rs. 458 in the beginning of April, GMDC shares have surged non stop to touch Rs. 637. Infact, GMDC’s shares appreciated by over Rs.100 on the day the stock split announcement was made. GMDC is also planning a joint venture with reliance industries for a lignite gasification project.
Related Posts
Leave a Comment
