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      MMTC gains after turnaround Q1 show

      MoM Team / Mumbai, Aug 10, 2017 11:19 AM IST

        MMTC gains after turnaround Q1 show

        MMTC rose 3.4 percent to Rs 59.15 on BSE after the company reported net profit of Rs 18.13 crore in Q1 June 2017 compared with net loss of Rs 7.01 crore in Q1 June 2016.

        The result was announced after trading hours today, 9 August 2017.

        Meanwhile, the S&P BSE Sensex was down 82.97 points, or 0.26 percent to 31,714.87.

        On the BSE, 2.01 lakh shares were traded in the counter so far, compared with average daily volumes of 2.57 lakh shares in the past one quarter. The stock had hit a high of Rs 59.80 and a low of Rs 58.50 so far during the day. The stock hit a 52-week high of Rs 73.85 on 12 January 2017. The stock hit a 52-week low of Rs 40 on 9 November 2016.

        The stock had underperformed the market over the past one month till 9 August 2017, falling 3.62 percent compared with 0.16 percent rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.14 percent as against Sensex's 5.11 percent rise. The scrip had outperformed the market in past one year, rising 34.11 percent as against Sensex's 14.48 percent rise.

        The mid-cap company has equity capital of Rs 100 crore. Face value per share is Re 1.

        MMTC's net sales surged 125.7 percent to Rs 6320.08 crore in Q1 June 2017 over Q1 June 2016.

        MMTC is the largest international trading company in India. Government of India (GoI) held 89.93 percent stake in MMTC (as per the shareholding pattern as on 30 June 2017).


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      Source: Capital Market


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