Why MMTC stock jumped 13%; Here are the key reasons

Om DSIJ/ 18 Mar 2026 /Categories: Mindshare, Trending

Why MMTC stock jumped 13%; Here are the key reasons

MMTC shares emerged as top gainer on March 18, here’s why the stock surged 13 per cent in early deals on Wednesday

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The MMTC share price jumped 13 per cent after the Public Enterprises Selection Board (PESB) held crucial selection meetings on March 18, 2026, for key board-level positions at the company. The development has drawn investor attention, as leadership appointments in Central Public Sector Undertakings (CPSUs) are closely tracked for their potential impact on strategic direction and operations. As of 9:44 AM, March 18, 2026, MMTC's share price is trading at Rs 59.96, up by 13 per cent.

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MMTC Director (Finance) Selection Process Gains Attention

The development comes as the Public Enterprises Selection Board (PESB) conducted Interviews for the position of Director (Finance) at MMTC Limited on March 18, 2026, as part of the process to appoint a key board-level executive. The selection process involves evaluating senior finance professionals for a critical leadership role responsible for overseeing the company’s financial strategy, capital management, and compliance functions.

MMTC Quarterly Performance

In Q3 FY26, MMTC reported total income of Rs 70 crore, up 79 per cent from Rs 39 crore in Q3 FY25. Similarly, the net profit of Rs 46 crore, up over 1,050 per cent from Rs 4 crore in Q3 FY25. Over the past five years, the MMTC has recorded a 19 per cent CAGR growth.

For the nine months of FY26, MMTC reported total income of Rs 70 crore in Q3 FY26, down around 11 per cent from Rs 79 crore in Q1 FY26. Similarly, the company posted a net profit of Rs 46 crore, down about 13 per cent from Rs 53 crore in Q1 FY26.

About MMTC Limited

MMTC Limited is a Government of India-owned Miniratna company and one of the country’s largest trading enterprises. The company is primarily engaged in the international and domestic trading of minerals, metals, precious metals, and other commodities, catering to both industrial and retail segments.

MMTC Share Price Performance

The company has a market capitalisation of Rs 9,160 crore. It reported a Return on Equity (ROE) of 5.87 per cent and a Return on Capital Employed (ROCE) of 7.70 per cent, indicating moderate return ratios. The company’s book value stands at Rs 12.8 per share.

As of March 18, 2026, the company’s share price is trading at Rs 59.96. The stock has delivered a return of 13.73 per cent, while it declined by 4.53 per cent over the past month and 8.86 per cent over the last 6 months.