/ Govt Plans To Merge Smaller Firms MMTC Soars 4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 5 July 2017

The government is likely to consider merging of state-owned companies in the trading space. A proposal to wind up State Trading Corporation (STC) and Project & Equipment Corporation of India (PEC) and merging their assets with the bigger Metals and Minerals Trading Corporation of India (MMTC), could be considered, reported a leading business daily.

MMTC is the largest exporter of minerals from India. 

Meanwhile, the stock soared 4% at Rs 59.90 per share on BSE on Wednesday’s trade. On NSE, the stock attracted a traded volume 12,23,815 shares and a traded value of 732.33 lakh. 

On yearly basis, the stock has outperformed the BSE Midcap index.

As per market observers, the company has been maintaining a dividend payout ratio of 57.66%.

MMTC Limited is a trading company. The company's segments include precious metals, metals, minerals, coal & hydrocarbon, agro products, fertilisers etc.

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