MMTC rose 2.66% to Rs 46.70 at 13:00 IST on BSE after the company reported net loss of Rs 7.01 crore in Q1 June 2016 lower than net loss of Rs 30.55 crore in Q1 June 2015.
The result was announced after market hours yesterday, 14 September 2016.Meanwhile, the S&P BSE Sensex was down 47.15 points or 0.17% at 28,325.08.
Higher than normal volumes were witnessed on the counter. On BSE, so far 3.05 lakh shares were traded in the counter as against average daily volume of 2.37 lakh shares in the past one quarter. The stock hit a high of Rs 48.80 and a low of Rs 46.65 so far during the day. The stock had hit a 52-week high of Rs 52.25 on 29 December 2015. The stock had hit a 52-week low of Rs 29.95 on 24 February 2016. The stock had outperformed the market over the past one month till 14 September 2016, gaining 4.85% compared with 0.78% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.09% as against Sensex's 7.49% gains.
The mid-cap firm has equity capital of Rs 100 crore. Face value per share is Re 1.
MMTC's total income rose 35.87% to Rs 2806.72 crore in Q1 June 2016 over Q1 June 2015.
MMTC is a leading international trading company. Government of India (GoI) holds 89.93% stake in MMTC (as per the shareholding pattern as on 30 June 2016).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content