MVL rises on stock-split plan

The MVL scrip hit the 5 per cent upper circuit to close the day at Rs 154.7 on the company’s stock-split plan. The company’s board will meet on August 17 to consider a stock split (the current face value of the share is Rs 10).

The stock opened at Rs 146.5 and made an intraday high of Rs 154.7, its 52-week high, and a low of Rs 140.25. The scrip has gained 15 per cent in the last one week.