MMTC Ltd is an International Trading Company (ITC) established in India in 1963. It is one of the largest trading companies in India. Its main objective is to facilitate the exchange of the mining & metal products for India's commodities. It plays a vital role in the imports and exports of minerals & metals. The company has a vast experience in trading, as well as its expertise in international trade rules and logistics.
MMTC Share price has recorded the highest price of Rs. 101,90 in the past 52 weeks. Recently, the company announced its ambitious mining plans in the form of rare earth minerals such as Lithium, Cobalt, Silicon, etc.
MMTC Ltd. has announced on the BSE that a Board of Directors meeting is scheduled to take place on 08/2/2024 to discuss and approve the Unaudited Financial Results for the quarter ended 31.12/2023, as well as other matters. The company's sales decreased by 99.90%, to Rs.73 crore, as compared to Rs.764.16 crore in the same quarter of the previous year, according to a regulatory filing. MMT Share price Target also increased on 14 September 2023, with a rise of 1.51%, reaching a closing price of Rs. 58.41. Investors should keep an eye on the company's stock price in the near future to see its reaction.
MMTC share price Target 2024
Month. Target
January 2024. ₹94.56
February 2024 ₹96.94
March 2024. ₹94.54
April 2024 ₹93.34
May 2024 ₹118.9
June 2024 ₹118.89
July 2024 ₹118.89
August 2024 ₹118.9
September 2024 ₹118.89
October 2024 ₹118.93
November 2024 ₹118.92
December 2024 ₹118.93
MMTC share price Target 2025
Month Target
January 2025. ₹127.26
February 2025 ₹129.64
March 2025 ₹127.28
April 2025 ₹126.1
May 2025 ₹126.08
June 2025 ₹126.1
July 2025 ₹126.09
August 2025 ₹126.07
September 2025 ₹126.09
October 2025 ₹126.08
November 2025 ₹126.08
December 2025 ₹126.1
MMTC share price Target 2026
Month Target
January 2026 ₹138.52
February 2026 ₹140.89
March 2026 ₹138.52
April 2026 ₹137.34
May 2026 ₹137.32
June 2026 ₹137.34
July 2026 ₹137.34
August 2026 ₹137.35
September 2026 ₹137.36
October 2026 ₹137.36
November 2026 ₹137.36
December 2026 ₹137.37
MMTC share price Target from 2024 to 2030
Year Initial Tar Mid-Year Tar Year-End Tar
2024 ₹94.56. ₹118.89 ₹118.93
2025 ₹127.26 ₹126.1 ₹126.1
2026 ₹138.52 ₹137.34 ₹137.37
2027 ₹150.29 ₹149.14 ₹149.19
2028 ₹162.7 ₹161.49 ₹161.5
2029 ₹175.69 ₹174.49 ₹174.5
2030 ₹189.32 ₹188.14 ₹188.11
MMTC financials
(INR) Sept 2023. Y/Y
Revenue -210.5Cr 138.59%
Net income 52.04Cr 96.7%
Diluted EPS. 0.35 96.67%
Net profit margin -24.72% 108.55%
Operating income -31.18Cr 16.12%
Net change in cash - -
Cash on hand - -
Cost of revenue -205.29Cr 139.66%
MMTC shareholding pattern
Promoter - 89.9%
Fll - 0%
Dll - 2.4%
Public - 7.6%
Others - 0%
MMTC ltd competitors
●Adani enterprises with market cap 362,343.66 cr
●Sundram with market cap. 1,090.80 cr.
●Redington with market cap. 199.05 cr.
Points to be considered before investing in MMTC ltd.
MMTC PAMP has one of the biggest gold ecosystems in Asia and won the 'Best Refiners of the Year' every year from 2013 till 2019. You can buy digital gold at the live market rates and resell it at the market price. You can sell your digital gold after one day, one year, or 10 years. Prices are not influenced by local factors such as pandemic and you get the full resale value straight into your account.
MMTC Ltd is a joint venture of Swiss bullion brand PAMP SA and Government of India, which is one of the biggest refineries in Asia. MMTC Ltd imports gold & silver ore from more than 20 mines around the world.
Trend analysis shows that MMTC Share Pricce Prediction is Strong indicating that it is likely to rise in the near future. Please check the rating for Quality & Valuation.
Conclusions
MMTC’s future flight path is based on a complex analysis of the company’s operating efficiency, industry dynamics, and global market trends, as well as its tactical positioning and diversified portfolio. MMTC share price Target 2025 and 2030 is underpinned by the changing global commodities landscape. However, it’s important to note that predicting share price is not foolproof and market volatility is inevitable. Investors and analysts need to pay close attention to the performance of MMTC, industry trends and global economic developments in order to have a better understanding of the factors affecting its share price.
As MMTC navigates the complexities of the commodities market, and continues to implement its growth strategies, its share price could reflect its ability to take advantage of emerging opportunities and weather market challenges.
Comments