MMTC SHARE LATEST UPDATE: Friends, Metals and Mineral Trading Corporation Limited i.e. MMTC Limited’s stock has seen a storm of growth in the last two days. Even today, if we look, you will see that in just one trading session, the company’s stock has achieved a growth of more than 14%.
Even now the company’s stock is far away from its 52 week high and I am going to give three such big updates about this company in this article today which can surprise all of you. Friends, do watch this article till the end because it is very important for all of you if you are an investor in the stock.
MMTC SHARE LATEST UPDATE and thinking about this stock
If you are not an investor, if you are thinking, then this article is even more important for all of you. Friends, here you can see that by setting a low of around 50-45 rupees, this company has tried to rise upwards, but now it has already tried because in the last two days, this stock has automatically given a very good rally of about 28%. If we see here, the tremendous volume coming in this stock indicates to all of you that why did you not think about this stock before.
If you have thought, then why and if you did not think, then why? The answer to all these questions is going to be found in this article. You all see that today in a single trading day, you all got to see a volume of 16.60 crores in this stock and if we see from here, even if we consider the average to be around 1 crore, then there is an increase in volume here 16 times. And friends, I have been covering these stocks for two-three days.
Government’s stake in MMTC SHARE
Most of these stocks have a government stake, the same stocks are running. Is this stock also like this? We will know in today’s article. Before knowing all these big news, let us first know the fundamentals of this company. This company with a market cap of 11,880 crores has a face value of one.
This means that you are not going to get the benefit of split but it is possible that the company may give bonus etc., then that is a different matter. The stock is very expensive according to the P ratio because the industry’s P ratio is 33, its 122, book value 11, intensive value eight.
Also Read- Royal Enfield Flying Flea C6 Is Finally Here | This Tiny Beast Packs a Punch
According to that also the stock is very expensive. At the same time the promoters’ holding is around 90%. This is quite crucial. We will definitely look into it. The company has no growth in sales from the reserves, there is no growth in profit. The operating profit margin has gone down drastically. Why are free stocks running away if the figures are so bad? So first of all we will know what are the numbers of quarter four of this company and after that we will gather some more information about this company.
Friends, on 28 May, a company released its quarter four numbers in which the company has set some such flags, you can see here friends, all these figures that you are seeing are in crores and here you can see that the total income of the company is 44 crores.
MMTC SHARE LATEST UPDATE last quarter
In the last quarter, the company earned 35 crores and the total income of the company from the last quarter to this quarter has increased by about 25% quarter on quarter. On the other hand, if we see in the same quarter of last year, the company’s income of about 65 crores came down to 44 crores, that is, year on year, here I would like to tell you all that the year on year data is in negative and in the negative too, a big negative of 32%, here the company has been seen doing business year on year.
If we look at the profit figures of the company, there is no profit at all, so it is a bit difficult to estimate it. Therefore, we estimate that the company has made a profit of 12.57 crores from profit before tax. In the previous quarter, the company was able to make a profit of only 3 crores.
So the company has shown growth in the profit quarter on quarter and that growth is quite amazing. The company has shown a growth of 319% in quarter on quarter profit. If we look at the figures of the same quarter of last year, 31 crores and from there 12 crores.
So here the company has made a profit of 60% in negative year on year. Friends, the profit is absolutely clear, the company does not have any profit because if you look here, it is zero point three two crores. This is not a profit, friends. This is just a show-off that you can call it break even. Neither profit nor loss is standing here. Profit here, loss here and the company is standing here.
So the company could neither make any profit nor loss. In such a situation, the results are very bad. But I don’t know why people are liking these results. Because if we see the EPS of the company, then the EPS is also zero. Earlier it was zero point two one, from there it has now become zero, that is, I do not like the results of the company from any angle. But I don’t know what the investors liked. Let’s see what the investors liked.
Why do investors like these companies like this? Because in this company, the eighty nine or this 90% stake is of the Government of India. People think that the President of India is a government company and the government will revive it, investors are thinking so. LIC also has 1.66% stake in the company. However, LIC is also reducing its stake.
The public has only 8% stake in this company and it has increased from 7.5%. So you can imagine that the public’s holding is constantly increasing in this company. If the public takes a little action, the company’s stock starts rising here. If we look at the company’s results in a consolidated manner, then there is a 64% decline in revenue and a 96% decline in profit and if we look at the annualized performance here, the net profit fell by 54% and the company’s revenue fell by 49%.
Very bad data of MMTC SHARE LATEST UPDATE
Which is a very bad data and when any company gives such data, then it is going to fall very drastically in the coming time. Now the discussion is that since these shares have run up 23-24% in two days and at the same time this company is trading above the moving average of five days, 10 days, 20 days, 30 days, 50 days, 100 days, 150 and 200 days, what will happen in the coming times?
Also read- SBI Bank Recruitment 2025 | First time job opportunity without any exam
So friends, the biggest reason being told for this company running up is why have MMTC shares run up 14%? Because friends, the market sentiments are there and there is a big announcement or a media discussion about a potential vehicle scrappage policy boost. Although there is no official announcement about it here because the numbers of any company for quarter four are not good at all, but still there is a boom in the stock.
Let me tell you why? Friends, here you see all the shares that are related to it, all the shares have run up. PSU trading stocks are in the news due to vehicle scrappage policy, such stocks which do export import trading in trading, all the stocks in it are seen running very well here. Like MMTC, STC or MSTC. The rise in all the PSU shares may be related to the expectations of the new steps of the government on vehicle scrappage.
MSTC weak fundamentals
Media reports are that the Center can tighten the norms for re-registration of vehicles and renewal of 10 to 15 year old vehicles will become expensive. Due to which all the companies involved in this trading can perform well. In the coming time, all those companies can make very good profits here.
MSTC is weak fundamental, so there are signs of caution. So in such a situation, those who are getting involved in it very fast, should be a little careful. Now we know what MMTC does? Friends, MMTC, formed in 1963, is headquartered in Delhi. It is a trading company that imports and exports many types of commodities. Its business is spread not only in India, Asia, Europe, Africa, Middle East, Latin America, North America.
It works in many areas like minerals, precious metals, coal, hydrocarbon fertilizers, agricultural products and general trade. MMTC is also active in the retail sale of precious metals and it also has a wind power project in Karnataka which produces electricity from wind. Meaning, it is becoming a multipurpose type of company. Working in a particular field does not seem to be its idea because the company has also opened a wind power project.
MMTC SHARE Big Target
Okay, after this comes a very big target for this company which is given here. SEBI registered analyst Dhwani Patel gives a very crucial and very big target to this company. They say that the stock is at the level of 88 which is not much above the recent rates because the company’s shares are seen revolving around ₹ 80 and from there this company can run well.
They believe that please see the stock advancing to the level 88 which is coincident with its 50 percent retracement level, so what they mean to say is that 88 is the 50 percent retracement level from its 52 week high, it will be very important to see how the stock behaves there.
If it crosses then you can take a decision from there. Secondly for this stock, because this is yesterday’s target and it has been achieved today, the resistance around ₹ 80 is telling this and at the same time, targets of 82 to 85 rupees are being given about the stock of this company in the short term. I hope there is no more news about the stock of this company than this. Whatever things I could cover, I have covered.
Conclusion
I hope you liked the article. If you liked it, then give it a like. Friends, also comment and tell me how you liked the article and on which stock do you want this type of article in the next. You can also comment on this. Also, friends, tell me what MMTC will do next. Your opinion is very important in the comment form, so definitely give it. Thank you very much for reading the article.