MMTC shares hit 10% lower circuit amid reports of likely shutdown
Wed, Oct 18, 2023 11:57 AM

MMTC shares hit 10% lower circuit amid reports of likely shutdown

A Flip by Shubhangi Gupta
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Shares of state-owned MMTC dropped 10% to Rs 78 on Wednesday’s BSE trade due to reports that the government may shut down the company in a high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal on October 23. The stock has rallied heavily YTD (100%), delivering 160% returns over 6 months and 380% over 3 years.

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