Tuesday, 13 November 2007

MMTC Zooming...

MMTC is zooming up with superb rise in its share prices
The company share price was Rs 4300 on 3 Sep 2007
Today, on 13 Nov 2007, the share price is Rs 57000
A whopping 1326% returns in just 70 days, ie, 6912% per annum
This is a fabulous return by the company. Assuming you have invested Rs 1 lac on 3 Sep 2007. You would be having Rs 13,25,581 today!!!
Now, the next big question is, will this growth be sustained
All we can do is, wait and watch
A recent news on MMTC
The state-run commodity trading firm, MMTC becomes the country`s most valued public sector firm by toppling oil exploration major Oil and Natural Gas Corporation (ONGC) from this position.The market capitalisation of MMTC rose to Rs 2.71 trillion on the Bombay Stock Exchange (BSE) in mid-day trade on Monday. This is the second highest across all private and public sector firms after Reliance Industries with a market cap of Rs 3.97 trillion.The shares of MMTC surged 5% on BSE to touch its upper circuit limit of Rs 56,931.50. While shares of ONGC declined 5.43% and touched an intra-day low of Rs 1,168. With this, ONGC became the third most valued firm on the BSE with a market capitalisation of Rs 2.64 trillion.Another state-owned power major NTPC was ranked fourth in the list with capitalization of Rs 1.99 trillion.
Shares of MMTC closed up Rs 2,711, or 5% at Rs 56,931.50. The total volume of shares traded at the BSE was 763. (Monday)