MMTC jumps over 7% as Q3 profit surges

Shares of MMTC surged over 7 per cent on the Bombay Stock Exchange after the company's net profit jumped over three-fold to Rs 74 crore

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Shares of MMTC surged over 7 per cent on the Bombay Stock Exchange after the company's net profit jumped over three-fold to Rs 74 crore compared to Rs 19.89 crore in the prior year period driven by higher income.

MMTC jumps over 7% as Q3 profit surges

Boosted by strong Q3, shares of company gained as much as 7.30 per cent to hit an intra-day high of Rs 67.60 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 5.70 per cent to Rs 66.30 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,342.61, down 9.01 points, or 0.03 per cent, at 11:25 hours.

Read more about: mmtc, stocks, bse, nse
Story first published: Tuesday, February 14, 2017, 12:50 [IST]
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