Thursday 14 August 2014

MMTC soars on reporting 8 fold jump in Q1 net profit

     MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary. 
     MMTC has reported over 8 fold jump in its net profit at Rs 40.77 crore as compared to Rs 5.02 crore for the quarter ended June 30, 2013. However, its total income has decreased by 41.14% to Rs 5217.71 crore for the quarter under review from Rs 8864.16 crore for the corresponding quarter of the previous year.
     The promoters holding in the company stood at 89.93% while Institutions and Non-Institutions held 6.34% and 3.73% respectively. 
     The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 106.80 on 11-Jan-2014 and  a 52 week low of Rs 44.0 on 28-Aug-2013.
    Current price of share is 73.25, up by 2.15 points from its previous closing of Rs 71.10 on the BSE.


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