ICICI Securities Ltd | Retail Equity Research MM Forgings (MMF) made an announcement of bonus shares on May 28, 2018. The ratio was one bonus share for every one existing equity share i.e. 1:1. The record date for the same is July 19, 2018 while the ex-date for the same is today i.e. July 18, 2018. Consequently, MMF's share price, as per yesterday's closing price, has dropped to | 682/share from | 1364/share. Hence, now our target price also stands revised to | 825/share (against earlier target of | 1650/share) post bonus issue of equity shares....