MMTC falls post Q3 results
14th February 2013 11:18 AM
MMTC, India's largest foreign trade enterprise, fell on Thursday after reporting lower-than-expected results.
The company announced net profit of Rs 288.4 million for the quarter ended Dec. 31, 2012 as compared to net loss Rs 913.1 million in the same period last year.
Net sales of the company decreased 61.59% to Rs 72.66 billion for the quarter ended Dec. 31, 2012 from Rs 189.13 billion in the year ago period. Shares ofthe companyare trading at Rs 588.05, down Rs 13.05, or 2.17% at the Bombay Stock Exchange (BSE) on Thursday at 10:35 a.m.The scrip has touched an intra-day high of Rs 603.55 and low of Rs 586. The total volume of shares traded at the BSE is 31,035.In the earlier session, the shares lost 4.99%, or Rs 31.6, at Rs 601.10. Currently, the stock is trading down 33.96% from its 52-week high of Rs 890.50 and above 16.1% over the 52-week low of Rs 506.50.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 525.65 75.45 14.35 1 Month 623.75 (22.65) (3.63) 3 Months 710.70 (109.60) (15.42) 6 Months 783.40 (182.30) (23.27) 1 Year 865.35 (264.25) (30.54) Note: Based on previous day closing price.
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