Shares of MMTC surged 14% today after the company said its board of directors will meet on March 19 to consider and approve the proposal for issue of bonus shares.
The shares of the company have been gaining for three consecutive sessions.
The stock is currently trading at Rs58.95, up by Rs7.2 or 13.91% from its previous closing of Rs51.75 on the BSE.
The scrip opened at Rs55.40 and has touched a high and low of Rs59.75 and Rs55.40, respectively.
MMTC is the largest trading company in India and has a strong presence in metals, minerals and precious metals. The company has also set up an iron and steel plant under the name Neelachal Ispat Nigam Limited (NINL). This plant has a capacity of 1.1mn tonnes, with a 0.8mn tonne coke oven and a captive power generation plant.
This plant is being jointly developed with the government of Odisha, among others. Phase-II of capacity expansion has now begun at NINL. The plant has also begun production of steel billets on a trial basis.
The shares of the company have been gaining for three consecutive sessions.
The stock is currently trading at Rs58.95, up by Rs7.2 or 13.91% from its previous closing of Rs51.75 on the BSE.
The scrip opened at Rs55.40 and has touched a high and low of Rs59.75 and Rs55.40, respectively.
MMTC is the largest trading company in India and has a strong presence in metals, minerals and precious metals. The company has also set up an iron and steel plant under the name Neelachal Ispat Nigam Limited (NINL). This plant has a capacity of 1.1mn tonnes, with a 0.8mn tonne coke oven and a captive power generation plant.
This plant is being jointly developed with the government of Odisha, among others. Phase-II of capacity expansion has now begun at NINL. The plant has also begun production of steel billets on a trial basis.
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