MMTC shares jump over 32% in five trading sessions; here is what led to the rally

Last seen, shares of MMTC were trading at ₹86.24 apiece, jumping 6.32% on the National Stock Exchange. It had touched an intraday high of ₹88.19 per share on Friday so far.

The rally comes despite the company posting a significant decline in both profit and revenue for the March 2025 quarter.

The PSU’s consolidated net profit dropped 96.8% year-on-year (YoY) to ₹2.23 crore, down from ₹69.78 crore in the same period last year. Its revenue also slipped 64%, to ₹0.23 crore during the quarter under review from ₹0.64 crore in Q4 FY24.

For the full year ending March 2025, MMTC’s net profit declined 54.9% to ₹86.63 crore compared to ₹192.18 crore in FY24. This annual performance mirrored the quarterly weakness.

The company’s annual revenue contracted sharply as well, down by 49.6% to ₹2.69 crore from ₹5.34 crore the previous year.

Shares of MMTC had surged over 19% in the previous trading session. According to reports, the rally was driven by technical factors, short-covering, or investor interest in undervalued PSUs. 

Over the last five trading days, MMTC shares have surged over 32.6%, while for a month’s period, the stock gained over 53%.

Since December 2, 2024, which is six months, shares of the firm rose 5.5%.

The company’s market capitalisation stands at ₹12,871.50 crore.

Shares of the firm had touched their one-year high of ₹131.8 apiece on July 26, 2024, while its 52-week low of ₹44.50 was hit on April 7, 2025.

Established in 1963 and based in New Delhi, MMTC Limited is a government-owned trading firm involved in both import and export activities across various sectors. Its operations span Asia, Europe, Africa, Latin America, North America, and the Middle East.