On 19th Dec, MMTC Ltd has informed BSE that Mr. M.G. Gupta, who was appointed as Director (Finance) vide Deptt of Commerce Order dated December 09, 2011 for a tenure of 5 years, ceased to hold office w.e.f. December 09, 2016.
Further in pursuance of Department of Commerce, Ministry of Commerce & Industry Office Order dated November 17, 2016, the charge of Director (Finance) has been vested with the CMD in addition to his current charge, for a period up to February 06, 2017 or till such time the post is filled up on regular basis or until further orders, whichever event takes place earlier.
As on 20th Dec, MMTC share price is quoting at Rs. 49.85. The stock opened at Rs. 48.60 against its previous closing at Rs. 48.30.MMTC 's standalone net profit (PAT) reduced by 76.5per cent to Rs 10.45 crore in Q2 FY17 as compared to Rs 44.60 crore in Q2 FY16. Company's Total Income from operations for Q2 FY17 was Rs 1405.97 crore as compared to Rs 4896.36 crore for the same period in the last fiscal. Total income had reduced by 71.26per cent Y-o-Y.
The scrip touched a high and low of Rs 51.15 and Rs 48.10 respectively. A total of 14,93,982 shares are traded on the counter. The current market cap of the company is Rs 4830.00 (Cr)as on 20th Dec.
The stock has a face value Rs 1 touched a 52 week high of Rs 56.75 (08-DEC-16 and a 52 week low of Rs 29.85 (24-FEB-16). The lifetime high and low of the scrip stood at Rs 1965.00 (15-Jan-10) and Rs 29.85 (24-Feb-16) respectively. Dynamic Levels have identified MMTC as one of the top 500 performing stocks for this quarter on the back of its strong fundamentals. For further details on the stock, refer to MMTC share price history.
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