Miniratna PSU Stock MMTC, Priced Below Rs 45, Jumps 9% Intraday On BSE

Shares of Miniratna public sector undertaking MMTC Ltd gained 8.76% intraday on Wednesday. The last trading price of MMTC Ltd share is Rs 43.07 apiece on BSE. The company on August 14, 2023 informed through its BSE filing appointment of J Ravi Shanker as Director in MMTC Limited by Ministry of Commerce.

MMTC Ltd on August 11 sent a reminder letters to shareholders who have not claimed their dividends for seven or more consecutive years and whose shares are liable for transfer to the IEPF Authority. According to the exchange filing, "We have also hosted the above notice on the website of MMTC Limited as well as the list of sharesholders who have not claimed the dividend for the year 2015-16."

MMTC Ltd announced 26 dividends since June 18, 2002. The last dividend that it announced was Re 0.30 per share in 2019 and its ex-dividend date was September 19, 2019.

The stock's 52-week high price is Rs 45.80 apiece and 52-week low price is Rs 26.36 apiece, respectively. It has a market capitalisation of Rs 6441.00 crore. MMTC shares surged 35% in last 6-months, gained 12% year-to-date, rallied 7% in last 1-year, and gained 107% in last 3-years.

MMTC Ltd for the quarter ended March 31, 2023 declared its consolidated total income at Rs 751.60 crore, down 4.63% as against its last quarter total income of Rs 788.09 crore. It announced its latest quarter net profit after tax at Rs 13.23 crore.

MMTC Ltd is a Mini-Ratna Public Sector Undertaking (PSU) under the administrative control of Ministry of Commerce & Industry Government of India and has 9 Regional Offices at various places in India and a wholly owned subsidiary MMTC Transnational Pte Ltd at Singapore, according to its official website.

Disclaimer: The stock witnessed a sharp rally in trade today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.