Updated - 30 July 2010


1. MMTC Ltd

Why the stock price has increased?
MMTC has soared 21.56% to Rs 1,839.35 as the stock turned ex-bonus and ex-stock split today.

The company issued bonus shares in the ratio of 1:1 and sub-divided the face value of equity shares from Rs 10 paid-up to Rs one paid-up. Moreover, it fixed July 30, 2010 as the ‘Record Date’ for ascertaining the entitlement of shareholders for the split and bonus shares.

Open - 1,586.70
High - 1,935.00
Low - 1,575.05
Close - 1,839.35
Previous close (28 July 2010) - 1,513.07


2. Andhra Cements Ltd

Why the stock price has increased?
Andhra Cements has zoomed 8.89% to Rs 22.65, after the company announced issue of equity shares to HDFC and IDFC on preferential basis.

"The board of directors of the company will meet tomorrow, July 30, to consider issue of equity shares of the company on preferential basis as per the SEBI (ICDR) Regulations 2009, to HDFC Ltd, and IDFC Ltd, to meet part of its outstanding obligation" the company said in its filing.

Open - 21.35
High - 23.40
Low - 21.35
Close - 20.80
Previous close (28 July 2010) - 20.80