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.
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