MMTC lost 5.58% to Rs 55.85 at 12:30 IST on BSE after the company reported net loss of Rs 20.82 crore in Q4 March 2017 as compared with net profit of Rs 20.88 crore in Q4 March 2016.
The result was announced after market hours yesterday, 29 May 2017.Meanwhile, the BSE Sensex was up 41.44 points, or 0.13%, to 31,150.72. The BSE Small-Cap index was down 3.07 points or 0.02% at 14,852.06
On the BSE, so far 1.36 lakh shares were traded in the counter, compared with average daily volumes of 3.04 lakh shares in the past one quarter. The stock had hit a high of Rs 58.70 and a low of Rs 54.80 so far during the day. The stock hit a 52-week high of Rs 73.85 on 12 January 2017. The stock hit a 52-week low of Rs 35 on 31 May 2016.
The stock had underperformed the market over the past one month till 29 May 2017, falling 10.17% compared with the 3.98% gain in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 6.04% as against Sensex's 8.23% gain.
The mid-cap company has equity capital of Rs 100 crore. Face value per share is Re 1.
MMTC's total income rose 25.97% to Rs 2545.37 crore in Q4 March 2017 over Q4 March 2016.
MMTC's board of directors has recommended a dividend of Rs 0.30 per share for the year ended 31 March 2017.
MMTC is a leading international trading company. Government of India (GoI) held 89.927% stake in MMTC (as per the shareholding pattern as on 31 March 2017).
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