MMTC m-cap moves up by Rs 82 bn as shares rally 16%
11th February 2013 03:18 PM
MMTC jumped 16% on Monday after media reports said it hasreceived the highest bid of USD 319.45 per ton for the tender to sell 150,000 tons of wheat between the Feb. 1, 2013-Mar. 1, 2013, as part of government's plan to reduce stocks at its warehouses.
The highest bid to buy the shipments of wheat is reportedly made by a Singapore based trading firm. Shares ofthe companyare trading at Rs 595.05, up Rs 82.65, or 16.13% at the Bombay Stock Exchange (BSE) on Monday at 2:11 p.m.
This leads to sharp rise in market capitalisation by Rs 82.35 billion to Rs 594.75 billion.
In the earlier session, the shares lost 2.52%, or Rs 13.25, at Rs 512.40.Total volume of shares traded on the bourses today was higher by 4,844.22% to 2,066,338 compared with 22-day average volume of 41,793.The scrip has touched an intra-day high of Rs 600.65 and low of Rs 506.50.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 558.70 (46.30) (8.29) 1 Month 634.35 (121.95) (19.22) 3 Months 722.60 (210.20) (29.09) 6 Months 796.45 (284.05) (35.66) 1 Year 876.75 (364.35) (41.56) Note: Based on previous day closing price.
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