MMTC share price galloped up over 9 per cent intraday on the NSE. Chairman and Managing Director (MD) Ved Prakash stated that public sector company MMTC will tie-up with the SBI - State Bank of India to sell government-minted Indian Gold Coin. The state-run bullion trader, which has already tied up with over half a dozen banks, has so far sold one lac pieces of Indian Gold Coin and has set a target of selling 5 lac units in the coming few years. The coin is available in denominations of “5 gm, 10 gm and 20 gm bar”.
Ved Prakash told the Press Trust of India (PTI) that ever since the Prime Minister Narendra Modi launched the coin on 5th November, 2015, they had tied up with 7 banks to sell it. The coin was being sold to the customers via their 400 designated branches all over the country, he added.
MMTC now plans to enter into a similar agreement with the nation's largest lender, Prakash stated, adding that the coin was also available at all the 383 outlets of the PSU.
At 9:39 am, MMTC share price was trading 7.54 per cent higher at Rs.53.50 on the National Stock Exchange (NSE) today.
Important Fundamentals of the Company:
| Average Daily Movement [ADM] | 2.15 |
| Average Volume [20 days] | 968139 |
| 1 Month Return (in %) | 2.15 |
| Book Value | 12.13 |
| Market Cap | 4975.00 (Cr) |
Out of the 1700 Shares listed on the NSE, MMTC is one of the top 500 Stocks, identified by Dynamic Levels Researchers and stock analysts. The scrip is a well analyzed stock, based on Dynamic Levels’ technical and fundamental research.
To seek information on the resistance and support levels of the scrip and know more about its fundamentals and financials, please pay a visit to MMTC share price history.
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