MMTC Ltd
NSE:MMTC
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MMTC's latest stock split occurred on May 3, 2018
The company executed a 3-for-2 stock split, meaning that for every 2 shares held, investors received 3 new shares.
Before the split, MMTC traded at 63.05 per share. Afterward, the share price was about 44.8031.
The adjusted shares began trading on May 3, 2018. This was MMTC's 2nd stock split, following the previous one in Jul 29, 2010.
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MMTC Ltd
Glance View
MMTC Ltd., one of India's largest trading companies, holds a significant position in the country's economy by specializing in a diverse range of commodities. Founded in 1963, the company originally focused on promoting India's exports and imports, serving as a crucial link between domestic industries and the global market. Over time, MMTC has expanded its portfolio to include minerals, metals, coal, hydrocarbons, fertilizers, and agricultural products. With the backing of the Indian government, it positions itself as a vital conduit facilitating the exchange of these resources, thus playing a critical role in the nation's trade environment. The company operates mainly through strategic international trade agreements and partnerships, leveraging its vast network to secure supply chains and cater to the demands of both domestic and international markets. MMTC generates revenue by operating as a trade intermediary, buying goods from producers and selling them to the end consumers with a markup. Additionally, it engages in the import and export business, capitalizing on favorable trade terms and government support to optimize costs and margins. Its business model relies heavily on maintaining robust relationships with global trading partners, enabling it to manage large-scale logistics efficiently and remain competitive in a market with fluctuating commodity prices. The company's extensive experience and established infrastructure, including warehousing and transportation networks, make it a key player in the global trade arena, driving its financial success through strategic management of trade fluctuations and dynamic market needs.
2695
1961
HYT
1436
334A