MMTC shines bright amongst gainers
MMTC shines bright amongst gainers
By Research Desk
about 12 years ago
MMTC is amongst the top gainers on the BSE, the stock is up 6.5% at Rs.53.50 which is very close to its intra day high of Rs.54. Its 52-week high is at Rs.106.80.
The stock is reacting to the news it announced yesterday evening – it has received orders for import of steam coal from Coal India Ltd and Andhra Pradesh Power Development Comp for approx 0.75 MMT(out of 5 MMT that CIL have initially tendered) and 1.6 MMT, respectively for supply during the FY 2015-16. The monetary value of this deal has not been mentioned.
The company had ended Q3FY15 with a net loss of Rs.21 crore which is more than 2 times the loss of Rs.9 crore it posted in Q3FY14.