MMTC shed 4.66% to Rs 43.95 at 10:37 IST on BSE after the company reported net loss of Rs 31.22 crore in Q1 June 2015 compared with net profit of Rs 40.77 crore in Q1 June 2014.
The Q1 result was announced after market hours yesterday, 13 August 2015.
Meanwhile, the S&P BSE Sensex was up 139.82 points or 0.51% at 27,689.35.
On BSE, so far 1.52 lakh shares were traded in the counter as against average daily volume of 2.79 lakh shares in the past one quarter.
The stock hit a high of Rs 44.95 and a low of Rs 42.65 so far during the day. The stock had hit a 52-week low of Rs 41.50 on 16 June 2015. The stock had hit a 52-week high of Rs 80.70 on 20 August 2014.
The stock had underperformed the market over the past one month till 13 August 2015, declining 9.07% compared with Sensex's 1.47% fall. The scrip had also underperformed the market in past one quarter, sliding 5.24% as against Sensex's 1.1% rise.
The mid-cap firm has equity capital of Rs 100 crore. Face value per share is Re 1.
MMTC's net sales dropped 60.8% to Rs 2031.60 crore in Q1 June 2015 over Q1 June 2014.
MMTC is a leading international trading company. It is the largest non-oil importer in India. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures, Link Deals - all modern day tools of international trading. Government of India (GoI) holds 89.93% stake in MMTC (as per the shareholding pattern as on 30 June 2015).
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