India's MMTC hits over 10-year high on block deals

MMTC

13/10/2023 10:17

** Shares of India-based trading co MMTC  MMTC.NS  rise as
much as 13.3% to 79.95 rupees, highest since June 24, 2013
    ** Nearly 2.4 mln shares change hands in four blocks as of
2:33 p.m. IST between 70.9 rupees and 77.95 rupees apiece, at
0.5% and 10.5% premium to Thursday's close - LSEG data
    ** Stock on track to rise for fourth straight session, if
trend holds
    ** Nearly 118.1 mln shares change hands as of 2:39 p.m. IST,
6.2x the 30-day moving average
    ** Stock last up 7%, taking YTD gains to 99.7%
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))