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Of late one share which has created some sort of buzz in the Indian share markets is the one from MMTC.Especially after its move into the top league of Indian Companies who have a market cap of over Rs1,00,000 crores.MMTC is basically a govt of India enterprise having business ranging from minerals,metals,fertilizers,coal and hydro carbons and agro products.The govt of India has 99.3 %of the company shares.Now what so magical about this particular share and its price movements.On todays date its the most costliest share trading in the Indian share markets which is priced at Rs42,483.In the last two months itself it has multiplied the wealth of the investors by over 10 times.The stock was trading at Rs 1,380 exactly a year back,when its market cap was at roughly 9,000 crores.And now at Rs42,483,its market cap stands at over Rs 210,994 crores at an amazing growth rate of 2220%.And even more amazing part of the deal is out of some 5 crore equity shares,just 5456 shares are with the public.The earning per share(EPS) of the share is Rs 25 and is trading at a P/E ratio of Rs 1,700.The share lacks enough liquidity in the market.The only secured feeling in the minds of the investor are that its a Govt run company.The company has also reported the highest ever half-yearly revenues of Rs 11,999 crores in the recent weeks.Even the company is promising to put a consistent show in the coming days and provide sustainable returns to its share holders.Thats something we need to keep watching.
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