JMT Auto to turn ex-date for share split

On Thursday, the stock of JMT Auto will turn ex-date for stock split. The stock split will reduce the face value of the scrip from ₹10 to ₹2. That means, the stock which is currently hovering at around ₹145 will start trading in the range of ₹25-35 from Thursday. Those buying the shares from Thursday will not get the split shares. JMT Auto's shares were listed on the stock exchanges on April 2, 2007. Last it had rewarded its shareholders with bonus shares in the ratio of 5:2.