MMTC is currently trading at Rs. 221.10, down by 5.40 points or 2.38% from its previous closing of Rs. 226.50 on the BSE.
The scrip opened at Rs. 227.00 and has touched a high and low of Rs. 228.70 and Rs. 220.00 respectively. So far 42547 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 890.00 on 05-Jul-2012 and a 52 week low of Rs. 193.35 on 01-Apr-2013.
Last one week high and low of the scrip stood at Rs. 243.50 and Rs. 220.00 respectively. The current market cap of the company is Rs. 22035.00 crore.
The promoters holding in the company stood at 99.33% while Institutions and Non-Institutions held 0.50% and 0.17% respectively.
The Government is planning to offload over 93.3 million shares or 9.33% of its stake in MMTC through an offer for sale (OFS) during current month or early next month. The stake sale would enable the company to meet minimum 10% public holding norm stipulated by market regulator Securities and Exchange Board of India (SEBI).
Last month, the empowered Group of Ministers (EGoM) had deferred the decision on concerns over valuation of the company’s equity. The issue was originally planned to hit the markets on March 14, 2013.
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.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
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