India's Mefcom Capital Markets jumps to record high on stock split approval

Mefcom Capital Markets

11/10/2022 05:46

** Shares of India's capital market operations and merchant
banking company Mefcom Capital Markets Ltd  MECM.BO  rise as
much as 4.95% to a record high of 97.55 rupees
    ** MECM on Monday approved the sub-division of equity shares
of the co
    ** Each share having a face value of 10 rupees will be
sub-divided into five equity shares each having a face value of
2 rupees, co says
    ** Stock rises for eleventh straight session
    ** More than 21,000 shares change hands by 0432 GMT vs
30-day avg of 5,283 shares
    ** Stock up 93.85% so far this year as of last close
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))