MMTC gains on divestment plans

MMTC gained over 1% on Tuesday after reportsthe government is planning to divest 9.33% stake in the company. Government has invited bids to appoint advisors forthe companydivestment, said media sources.Shares ofthe companyare trading at Rs 783, up Rs 10, or 1.29% at the Bombay Stock Exchange (BSE) on Tuesday at 9:54 a.m.The scrip has touched an intra-day high of Rs 789.90 and low of Rs 775. The total volume of shares traded at the BSE is 50,096.In the earlier session, the shares lost 2.55%, or Rs 20.25, at Rs 773.00. Currently, the stock is trading down 22.4% from its 52-week high of Rs 1,009.00 and above 78.54% over the 52-week low of Rs 438.55.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 744.50 28.50 3.83 1 Month 768.95 4.05 0.53 3 Months 691.35 81.65 11.81 6 Months 827.40 (54.40) (6.57) 1 Year 703.45 69.55 9.89 Note: Based on previous day closing price.