 "JMT Auto zooms over 50% in three days post stock split")
Shares of JMT Auto have surged 9% to Rs 45, extending their over-40% rally in the past two trading sessions on the BSE, after the stock turned ex-stock split on June 25.
The auto parts & equipment manufacturer had sub-divided the face value of equity shares of the company to Rs 2 from Rs 5 paid-up.
JBM Auto had fixed June 26, 2015 as the record date for the purpose of sub-division of each equity share of the company having face value of Rs 10 into 5 equity shares of face value of Rs 2 each fully paid-up.
The stock hit a 52-week high of Rs 45.90 in intra-day trades today and has zoomed 58% in the past three trading sessions from Rs 29.14 (adjusted to ex-stock split) on June 24 on the BSE. The S&P BSE Sensex declined 0.34% during the same period.
Till 1438 hours, a combined around 700,000 shares changed hands against an average sub-50,000 shares that were trading daily on the BSE and NSE before the stock split.
The auto parts & equipment manufacturer had sub-divided the face value of equity shares of the company to Rs 2 from Rs 5 paid-up.
JBM Auto had fixed June 26, 2015 as the record date for the purpose of sub-division of each equity share of the company having face value of Rs 10 into 5 equity shares of face value of Rs 2 each fully paid-up.
The stock hit a 52-week high of Rs 45.90 in intra-day trades today and has zoomed 58% in the past three trading sessions from Rs 29.14 (adjusted to ex-stock split) on June 24 on the BSE. The S&P BSE Sensex declined 0.34% during the same period.
Till 1438 hours, a combined around 700,000 shares changed hands against an average sub-50,000 shares that were trading daily on the BSE and NSE before the stock split.
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