MMTC lost 6.4% to Rs 51.20 at 11:57 IST on BSE after net profit fell 76.6% to Rs 10.45 crore on 71.5% decline in net sales to Rs 1389.95 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 8 December 2016.Meanwhile, the S&P BSE Sensex was up 95.80 points or 0.36% at 26,790.08.
On the BSE, 4.60 lakh shares were traded on the counter so far as against the average daily volumes of 3.43 lakh shares in the past one quarter. The stock had hit a high of Rs 53.10 and a low of Rs 51.05 so far during the day.
The stock had hit a 52-week high of Rs 56.80 yesterday, 8 December 2016 and a 52-week low of Rs 29.95 on 24 February 2016. It had outperformed the market over the past one month till 8 December 2016, advancing 14.32% compared with the Sensex's 3.25% fall. The scrip had also outperformed the market in the past one quarter, gaining 18.02% as against the Sensex's 8.09% fall.
The mid-cap company has equity capital of Rs 100 crore. Face value per share is Rs 1.
MMTC is a leading international trading company. Government of India (GoI) held 89.93% stake in MMTC (as per the shareholding pattern as on 30 September 2016).
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