India's Maharashtra Seamless hits record high on share split, bonus issue plan

Maharashtra Seamless

13/10/2022 05:23

** Shares of steel pipes and tubes manufacturer Maharashtra
Seamless Ltd MHSM.NS  rise as much as 5.9% to hit a record high
at 879.45 rupees
    ** Co on Wednesday said its board will consider an issue of 
bonus shares and stock split on Oct. 17  urn:newsml:reuters.com:*:nFWN31D0XL
    ** MHSM had said on Tuesday that it made voluntary
prepayment of long term loan of about 3.15 billion Indian rupees
 ($38.27 million)to HDFC Bank  HDBK.NS  
    ** Stock rises for seventh straight session, marks biggest
intraday pct gain since Aug. 2
    ** More than 317,000 shares traded by GMT 0412, 2.6 times
their 30-day avg of 122,411 shares
    ** Stock up 62.88% YTD, as of last close 
    ($1 = 82.3025 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))