MMTC advances on inviting bids for import of three lakh tonnes of DAP

MMTC Ltd. | Trading | Miscellaneous | BSE: 513377 | NSE: MMTC

20 Sep 2011 Evaluate

MMTC is currently trading at Rs. 710.00, up by 3.10 points or 0.44% from its previous closing of Rs. 706.90 on the BSE.

The scrip opened at Rs. 707.65 and has touched a high and low of Rs. 722.70 and Rs. 707.50 respectively. So far 2737 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1400.00 on 21-Sep-2010 and a 52 week low of Rs. 669.00 on 02-Sep-2011.

Last one week high and low of the scrip stood at Rs. 724.00 and Rs. 691.10 respectively. The current market cap of the company is Rs. 70690.00 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 invited bids for the import of three lakh tonnes of di-ammonium phosphate (DAP). The company has taken this step with a view to augment fertiliser supply in the upcoming rabi season.

The company has announced September 20 as the last date for submission of bids and it would take decision on the same day for awarding the contracts. The full consignment of DAP (bulk)/DAP Lite grades is to be shipped during September-November, 2011. The consignments are to be offloaded at the Mundra, Kandla, Vizag, Hazira (anchorage), Kakinada (deep water) and Krishnapatnam ports.

From November onwards the rabi season starts and harvesting is done during March-April. The important rabi crops are wheat, gram, barley, peas and mustard. In the April-July period of the current fiscal, India imported 20.16 lakh tonnes of DAP, while inbound shipments in the 2010-11 fiscal stood at 74.11 lakh tonnes.

Recently, the company’s gold import for August had been dropped by an eighth to 5 tonnes. This can be attributed to the fact that gold buyers in India, the world's biggest consumer, are in wait-and-watch mode as the prices remain near record high. MMTC is the country's second biggest importer of the yellow metal.

MMTC is one of the leading companies in India which deals in agricultural commodities, fertilizers and minerals. Besides, it is also an importer of gold and silver. Presently, the trading company has an overseas office in Singapore. PEC, MMTC and other state-run trading agencies like STC import different varieties of pulses on behalf of the government to augment domestic supply.

MMTC Share Price

68.51 0.30 (0.44%)

05-Jun-2026 09:17 View Price Chart

Peers

Company Name	CMP
Redington	244.00
Amrapali Industries	18.55
Adani Enterprises	2992.00
Rashi Peripheral	539.70
PDS	321.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.