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PMC Fincorp (formerly Priti Mercantile Company) has rallied 10% to Rs 213, extending its previous day’s over 10% rally, after the stock turned ex-stock split on Wednesday, October 22.
The stock opened at Rs 212 and touched 52-week high of Rs 215 on BSE. Around 6,726 shares changed hands on the counter in first half-an-hour of trading on BSE.
In past two trading days, the stock soared 27% from Rs 168 (adjusted to stock split) on October 21.
The company had in a filing to the BSE on October 7 said it has fixed October 27, 2014 as record date for the purpose of sub-division of face value of equity shares from Rs 5 each into ten shares of Rs 1 each.
Stock split increases liquidity of a stock as more retail investors start buying the share as it becomes affordable.
PMC Fincorp is engaged in trading in shares, financial services and investment activities. The Company operates in the activities of sale/ purchase of shares and securities and other related ancillary service segment.
The stock opened at Rs 212 and touched 52-week high of Rs 215 on BSE. Around 6,726 shares changed hands on the counter in first half-an-hour of trading on BSE.
In past two trading days, the stock soared 27% from Rs 168 (adjusted to stock split) on October 21.
The company had in a filing to the BSE on October 7 said it has fixed October 27, 2014 as record date for the purpose of sub-division of face value of equity shares from Rs 5 each into ten shares of Rs 1 each.
Stock split increases liquidity of a stock as more retail investors start buying the share as it becomes affordable.
PMC Fincorp is engaged in trading in shares, financial services and investment activities. The Company operates in the activities of sale/ purchase of shares and securities and other related ancillary service segment.
