Financial Daily
from THE HINDU group of publications
Saturday, February 26, 2000
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Financial Daily from THE HINDU group of publications Saturday, February 26, 2000 |
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Mascon Global: Liquidity improvement in store
THE Mascon Global stock has been on a roll, rising more than 10-fold in the last couple of months. But the trading volumes have been thin _ generally 100 shares _ though there has been some improvement of late. The company's proposal for a 3:1 (three sha
res for every share held) may raise the possibility of an improvement in the liquidity levels, as existing shareholders may seek to book profits in the post-bonus period. In this backdrop, the bonus offer may lead to trading interest in the stock which w
as last traded on February 17, 2000, though bonus per se is wealth neutral. The Mascon Global stock was last quoted at Rs. 597.
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