India's MMTC shares surge on robust qtrly results

MMTC

13/11/2018 05:57

** Shares of India's state-run trading company MMTC Ltd
 MMTC.NS  rise as much as 7.7 pct to 32.30 rupees to their
highest since Oct 16
    ** Co posts nearly three-fold surge in Sept-qtr profit to
316.8 mln rupees ($4.36 mln) on Monday  urn:newsml:reuters.com:*:nFWN1XN0KC
    ** More than 2.3 mln shares traded, 1.5 times their 30-day
moving avg of 1.5 mln shares
    ** Shares hit biggest intraday gain since Oct 11
    ** Stock down 38.6 pct this year as of last close

($1 = 72.5800 Indian rupees)

 ((Reuters Messaging:
ramavenkat.raman.thomsonreuters.com@reuters.net))