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Mmtc ltd. offer for sale

Others 839 views 2 replies

Govt. has recently brought OFS for 9.33 Crore shares for MMTC Ltd. at floor rice of Rs.60 per share when it was trading in the price range of Rs.190 to Rs.200 per share. The issue was oversubscribed, for those who hav bought it above 200 & now, they all are trying to exit from stcok & those who hav bought it in OFS for Rs.60 are also trying to exit so that they cud make good profits, But, Stock is daily locked at Lower Circuit in jst 5-10 minutes after market opening. Was govt. to right to set floor price at such heavy discount?? & How one could exit from it now??

Replies (2)

U HAVE TO WAIT UNTILL THE SHARE COMES OUT OF THE  FREEZING SESSION ........AND NOTHING U CAN DO .......

M NOT GIVING ADVISE ....BUT IF I WERE U,  I WONT SELL THESE SHARES......

MMTC IS A PSU ....SO THERE IS NO NEED TO WORRY ABT THAT AND IT WILL RECOVER SOON...I THINK SO....ITS MY PERSONAL OPINION ...... 

Thanxx Mr. Ramesh for your valuable Advice!


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