March 26, 2018 / 4:48 AM / a month ago

BUZZ-India's MMTC, State Trading rise on report of potential merger

** MMTC Ltd shares climb as much as 10 pct to 60 rupees; State Trading Corp of India Ltd shares rise as much as 5 pct to 142.85 rupees

** Commerce and industry minister Suresh Prabhu says merger of state-run commodity trading firms MMTC, STCI here on the cards and the matter is under process - local daily Mint reports, citing PTI

** MMTC, STCI were not immediately available for comment

** More than STCI 89,000 shares traded, 1.4 times their 30-day moving avg

** Up to Friday’s close, STCI stock had fallen 28 pct this year, while MMTC stock lost 25.6 pct

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below