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MMTC shines on signing agreement with Japanese, Korean companies

21 May 2012 Evaluate

MMTC is currently trading at Rs. 750.50, up by 7.60 points or 1.02% from its previous closing of Rs. 742.90 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 764.00 and Rs. 746.00 respectively. So far 19912 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1009.00 on 10-Jan-2012 and a 52 week low of Rs. 438.55 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 805.55 and Rs. 710.10 respectively. The current market cap of the company is Rs. 75205.00 crore.

The promoters holding in the company stood at 99.33% while Institutions and Non-Institutions held 0.52% and 0.15% respectively. 

Minerals and Metals Trading Corporation (MMTC), a state-owned trading firm, has entered into agreement with five Japanese firms and one South Korean company including Posco, for a period of three years, to supply 2.8 million tonnes (MT) of iron ore annually.

According to the agreement, MMTC will supply 2.3 MT of iron ore per annum to five Japanese firms including Nippon Steel Corporation, JFE Steel Corporation and Nisshin Steel besides 0.5 MT to South Korean major Posco.

MMTC posted nearly six-fold jump in net profit at Rs 89.47 crore for the fourth quarter ended March 2012, primarily benefiting from increased imports of fertilisers and coal. The company had registered a net profit of Rs 15.4 crore during the same period of last year.

MMTC Share Price

60.29 1.30 (2.20%)
15-Apr-2026 10:46 View Price Chart
Peers
Company Name CMP
Redington 226.90
Adani Enterprises 2181.60
Amrapali Industries 18.00
Rashi Peripheral 445.75
PDS 298.00
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