labels: Economy - general
MMTC becomes most valued PSU in terms of market capitalisation news
15 November 2007
Mumbai: Minerals and Metals Trading Corporation (MMTC) has become the country''''s most valued public sector firm, toppling oil exploration major Oil and Natural Gas Corporation (ONGC) from this position.

The market capitalisation of MMTC rose to Rs275,000 crore on the Bombay Stock Exchange today, the second highest across all private and public sector firms after Reliance Industries which has a market cap of Rs389,000 crore.

MMTC shares surged five per cent on BSE to touch its upper circuit limit of Rs56,931.50. The scrip of the company settled at Rs 55,031.40, up 1.50 per cent at the end of today''''s trading.

NGC shares, on the other had declined 5.43 per cent and touched an intra-day low of Rs1,168. It ended the day at Rs1,179.50, down 4.78 per cent.

ONGC is now the third most valued firm on the Bombay Stock Exchange with a market capitalisation of Rs252,000 crore.


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MMTC becomes most valued PSU in terms of market capitalisation