Shares of MMTC (Metals and Minerals Trading Corporation of India), STC (State Trading Corporation of India), and MSTC (Metal Scrap Trade Corporation Limited) rallied on May 29, thus extending their recent gains.
Investors are likely eyeing fair valuations for these stocks that fell substantially from their 52-week highs.
On May 29, MMTC Ltd's shares gained 13% at Rs 78.51 apiece, thus taking their two-day gains to 23%.
MMTC is primarily involved in the import and export of various metals and minerals, with a focus on strategic commodities. The stock's 52-week high is Rs 131.8 and 52-week low is Rs 44.5. The market capitalisation of the stock is Rs 11,700 crore.
Shares of STC rallied 20% in two sessions after a 7% surge on May 29 took the stock to Rs 165.
STC is a premier trading company primarily responsible for handling imports and exports, particularly of bulk commodities. The 52-week high of the stock is Rs 252 and 52-week low is Rs 104. The market capitalisation of the stock is Rs 993 crore.
Meanwhile, shares of MSTC rallied 3% to Rs 560 apiece on May 29. MSTC is a central public sector undertakings under the Ministry of Steel and is involved in diversified e-commerce services.
The 52-week high of the stock is Rs 1,037 and 52-week low is Rs 411.1. Its market capitalisation is Rs 3,953 crore.
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