Is MMTC a good buy?

Is MMTC a good buy?

MMTC Limited (NSE: MMTC) As on 27th Jun 2022 MMTC Share Price closed @ 39.15 and we RECOMMEND Sell for LONG-TERM with Stoploss of 45.04 & Sell for SHORT-TERM with Stoploss of 42.61 we also expect STOCK to react on Following IMPORTANT LEVELS.

Which company is MMTC?

Established in 1963, Minerals and Metals Trading Corporation (MMTC), one of the two highest foreign exchange earner for India, is a leading international trading company with a turnover of over $7 billion. MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India.

Why did MMTC share fall?

Both the stocks are down nearly 90% since their peak levels touched in 2007. This news of the closure was the main reason driving the sharp fall in the price of MMTC since the Modi government wants to clearly reduce the burden on the exchequer of running such loss-making PSUs.

What is MMTC in foreign trade?

The Minerals and Metals Trading Corporation of India Ltd. (MMTC) is India’s largest public sector trading body.

What is the future of MMTC?

Tomorrow’s movement Prediction of MMTC Limited MMTC as on 27 Jun 2022 appears undecisive. It can be Bearish or Bullish….Munafa value: 46 as on 27 Mon Jun 2022.

Downside target	32.22
Upside target	39.45
Upside target	40.55
Upside target	41.95
Upside target	42.13

Is MMTC going to shut down?

Commerce and Industry Minister Piyush Goyal has said the government will shut down state-owned trading companies such as State Trading Corporation (STC), Project and Equipment Corporation (PEC) and MMTC one by one. “It’s not the business of the government to remain in such businesses.

Is MMTC a govt company?

The Company was incorporated on 26th September 1963. The Company is a Mini-Ratna public sector undertaking under the administrative control of Ministry of Commerce & Industry Government of India and has 9 Regional Offices at various places in India and a wholly owned subsidiary MMTC Transnational Pte Ltd at Singapore.

Who is owner of MMTC?

MMTC Ltd., Metals and Minerals Trading Corporation of India, is one of the two highest earners of foreign exchange for India and India’s largest public sector trading body….MMTC Ltd.

Type	Central Public Sector Undertaking
Founded	26 September 1963
Headquarters	New Delhi, India
Key people	Sanjay Chadha (Chairman & MD)

Who is promoter of MMTC?

presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.

Shareholding Pattern – MMTC Ltd.
NoOfShares	1500000000	100%
Promoters	1348903143	89.93%
ForeignInstitutions	981972	0.07%
NBanksMutualFunds	145809	0.01%

Who deals with minerals and metals trading business?

DEPARTMENT OF COMMERCE Besides acting as canalizing agency for Iron Ore, Manganese Ore, Chrome Ore/Concentrate, MMTC functions as one of the Nominated Agency for Import of Gold & Silver and Urea, besides trading in other commodities.

Is a canalizing agency?

Canalizing agencies Canalizing agency is the term used by a number of developing countries to describe the STEs they maintain. The term refers to the channelling, or “canalizing”, of imports and/or exports through a designated product-specific enterprise.

What is the target of MMTC share?

10 Top Mmtc MMTC Share price target (tomorrow) | 10 top stock Price (target) Mmtc MMTC NSE

Downside Target	32.56
Upside target	41.45
Upside target	44.74
Upside target	44.85
Upside target	44.94

Is MMTC debt free company?

Company has a poor ROE of -35.75% over the past 3 years. Company has high Debt to Equity ratio of. Company has low Interest coverage ratio of -4.50.

Does MMTC give dividend?

MMTC Ltd. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Is hudco going to be Privatised?

On 19th May, 2017, Government of India has disinvested shareholding in HUDCO to the extent of 10.193% by listing HUDCO equity on NSE and BSE, and further disinvested another 8% of shareholding during July, 2021 through offer for sale.