Stocks

MMTC shares surge nearly 8%

Reuters November 13 | Updated on November 13, 2018 Published on November 13, 2018

mmtc

Shares of the country’s state-run trading company, MMTC Ltd, rose as much as 7.7 per cent to Rs 32.30 to their highest since October 16 as the company had on Monday posted nearly three-fold surge in September-quarter profit to Rs 31.68 crore ($4.36 million).

More than 2.3 million shares traded, 1.5 times their 30-day moving average of 1.5 million shares. MMTC shares hit their biggest intraday gain since October 11. The stock had fallen 38.6 per cent this year as of last close ($1 = 72.5800 Indian rupees).

Published on November 13, 2018
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