MMTC corrects on profit booking

MMTC fell 4.18% to Rs 36.70 at 14:15 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 172.85 points, or 0.48% to 35,865.37.

On the BSE, 3.41 lakh shares were traded in the counter so far compared with average daily volumes of 2.35 lakh shares in the past one quarter. The stock had hit a high of Rs 38.35 and a low of Rs 36.45 so far during the day. The stock hit a 52-week high of Rs 67.77 on 7 November 2017. The stock hit a 52-week low of Rs 30.35 on 9 March 2018.

 

Shares of MMTC surged 20.82% in five trading sessions to settle at Rs 38.30 yesterday, 12 June 2018, from its close of Rs 31.70 on 5 June 2018.

MMTC is the largest international trading company in India. Government of India (GoI) held 89.927% stake in MMTC (as per the shareholding pattern as on 31 March 2018).

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