MMTC Ltd is trading 8.70% higher at Rs 64.72 compared to its last closing price of Rs 59.60. The stock has been trading in the price range of Rs 65.49 and Rs 59.58. This information is based on the stock’s historical prices.
MMTC Ltd, also known as Metals and Minerals Trading Corporation of India, is one of the largest public sector trading bodies in India, involved in the export and import of various commodities, including precious metals like gold and silver.
The company has a vast international trade network and is a significant player in the global precious metals business. As of January 4, 2024, the market capitalization of MMTC Ltd is Rs 7,550 crore.
The stock’s price movements and trading data can be found on various financial platforms, including Yahoo Finance, Investing.com, and India Infoline.
Factors that Contributed to the Today Increase in MMTC Ltd Share Price
MMTC Ltd’s share price has been increasing due to various factors. One of the primary reasons is the company’s strategic positioning in India’s mineral exploration and trading sector.
The company’s impressive financial performance in the last two years, generating profit, revenue, management, and presence, is another factor contributing to the increase in share price.
Additionally, the increasing global demand for commodities and the company’s vast international trade network are also contributing factors. Technical analysts have also noted that the stock has been trading higher than its 5-day, 100, 150, and 200-day simple moving averages.
The surge in public sector enterprise (PSE) companies’ stock prices, including MMTC, has also contributed to the increase in share price. Overall, MMTC’s strong market position, financial performance, and global trade network are the primary factors contributing to the increase in share price.
Market Capitalization of MMTC Ltd.
As of January 4, 2024, the market capitalization of MMTC Ltd is ₹7,550 crore.
MMTC Ltd, also known as Metals and Minerals Trading Corporation of India, is one of the largest public sector trading bodies in India, involved in the export and import of various commodities, including precious metals like gold and silver.
The company has a vast international trade network and is a significant player in the global precious metals business.
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Revenue of MMTC Ltd. in 2023
The revenue of MMTC Ltd varies based on different sources. According to D&B, the 2023 revenue was $473.52 million. However, according to Investing.com, the revenue was reported as INR 760.2 million for the quarter ended September 30, 2023.
On the other hand, ICICI Direct reported consolidated sales of Rs 247.7 crore at the end of June 2022. The varying figures could be due to different reporting periods and currency conversions.
Therefore, the revenue of MMTC Ltd can be estimated to be around $473.52 million, INR 760.2 million, or Rs 247.7 crore, based on the different sources.
Net Income of MMTC Ltd. in 2023
The net income of MMTC Ltd varies based on different sources. According to Barron’s, the net income available to common stockholders was INR 1,740.9 million. However, Investing.com reported a net income of INR 520.4 million for the quarter ended September 30, 2023.
The varying figures could be due to different reporting periods and sources. Therefore, the net income of MMTC Ltd can be estimated to be around INR 1,740.9 million or INR 520.4 million, based on the different sources.