Sunday, November 04, 2007

Metal trading is precious than Oil Refining!!!

How said you can make money only in Oil and gas sectorCompanies,well u can make more money in Metal trading !!!

The MMTC (Minerals & Metal Trading Corporation Ltd) is stock that has gone up 13 times in the past three months, and has a market cap of around Rs 2 lakh crore.!!!

According to SEBI circular that promoter holding should not exceed 75%, is not applicable to state-owned companies.

The government holds 99.33% in MMTC out 5 crores shares and, of the remaining, a couple of mutual funds hold 3.27 lakh shares out of the 3.34 lakh shares with minority shareholders.

With only 7369 shares with the common man to be traded or invested.

Mutual funds have gradually diluted their holdings,with retail investor increasing their holdings.

Conclusion: Somebody had bought 2700 shares,before the stock price started moving Skywards!!!Its Ticking Time bomb!!!

Post a Comment

Popular Posts for last 7 days

All Time Popular Posts

Eq mkt Holidays for the 2017 year

Sr. No.

DateDayDescription
126-Jan-2017ThursdayRepublic Day
224-Feb-2017FridayMahashivratri
313-Mar-2017MondayHoli
404-Apr-2017TuesdayRam Navami
514-Apr-2017FridayDr.Baba Saheb Ambedkar Jayanti/ Good Friday
601-May-2017MondayMaharashtra Day
726-Jun-2017MondayId-Ul-Fitr (Ramzan ID)
815-Aug-2017TuesdayIndependence Day
925-Aug-2017FridayGanesh Chaturthi
1002-Oct-2017MondayMahatama Gandhi Jayanti
1119-Oct-2017ThursdayDiwali-Laxmi Pujan*
1220-Oct-2017FridayDiwali-Balipratipada
1325-Dec-2017MondayChristmas

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
109-Apr-2017SundayMahavir Jayanti
202-Sep-2017SaturdayBakri ID
330-Sep-2017SaturdayDasera
401-Oct-2017SundayMoharram
504-Nov-2017SaturdayGurunanak Jayanti