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MMTC share price: The stock cracked 10 per cent today to settle at Rs 58.41 over its previous close of Rs 64.89. The company recently said its subsidiary has received a liquidation notice from UCO Bank (Singapore)
In August, Prime Minister Narendra Modi said in a jest that stock market investors should invest in PSUs which were criticised by the Opposition in the past. PM's light-hearted advise on the floor of the Lok Sabha led to PSU stocks surging over the last one month as shares of some PSUs seem to have caught the eyes of investors. Watch this Visual Story to see PSU stocks that have surged up to 85% in once month since PM's remark.
MMTC share price: On technical setup, the counter was last seen trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-, 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 88.67. A level below 30 is defined as oversold while a value above 70 is considered overbought.
MMTC share price: In response to a query raised by stock exchanges on 'Movement in Volume', the state-run firm said, "As a listed company, we would like to inform you that MMTC Ltd regularly intimates about any significant event/news that may have a bearing on the stock prices. We would like to inform that there is no significant event in our knowledge which needs to be reported to the exchanges."