Gujarat Mineral Development Corporation - GMDC bonus issue

I had bought GMDC shares whey they were at their peak last year. But I have seen the value move down over the months and now its about 40% lower than the buy price. Just when I was looking to dump the stocks I came across the news that GMDC board has declared 1:1 bonus on Jan 30 2008.
I think they have not set the record date yet. But its surprising that the stock price had infact dropped irrespective of this news and strong results. I see that the stock is showing some strength recently and I am sure it goes back to its peak sooner than later.

PS: Indian Markets are heading toward a strong close as I write this.

RK

Singapore Apartment Rentals