Stock below Rs 100: Highest block deals witnessed; stock jumps more than 30 per cent in just 2 days!

This stock has seen remarkable buying activity, surging over 239 per cent in the last three years.

MMTC Limited is a government-owned enterprise established in 1963 plays a pivotal role in India's foreign trade. It operates under the Ministry of Commerce & Industry, Government of India, and specializes in trading a wide range of commodities, including minerals, metals, precious metals, agricultural products, fertilizers, chemicals, coal, and hydrocarbons.

In this optimistic market sentiment, the shares of MMTC Limited dazzled with an impressive surge of more than 20 per cent, the stock touched the upper circuit at Rs 62.96 apiece. Furthermore, the scrip witnessed a spurt in volume by more than 3.86 times. The company's current market capitalisation is Rs 9,444 crore.

Yesterday, was a remarkable day for MMTC limited, they have attracted significant attention through a series of substantial block deals. Here's a detailed look at these notable transactions:

• Starting at 11:22 AM, a block deal involving 1,021,877 shares transpired, with each share valued at Rs 52.1, culminating in a total worth of approximately Rs 5.32 crore.
• Shortly thereafter, at 11:21 AM, another substantial block deal unfolded. This time, 1,885,274 shares changed hands each priced at Rs 52.35 per share, reflecting a total transaction value of approximately Rs 9.87 crore.
• At 10:59 AM, MMTC recorded another block deal involving 1,121,630 shares. These shares were traded at Rs 52.5 per share, amounting to an approximate total value of Rs 5.89 crore.
• Notably, at 10:58 AM, an additional noteworthy block deal occurred, with 2,014,345 shares exchanged at Rs 52.5 per share. This translated to a substantial total value of roughly Rs 10.58 crore.
• Later, at 10:55 AM, 960,610 shares changed hands in a block deal. Each share commanded a price of Rs 52.25, resulting in a total value of approximately Rs 5.02 crore for the transaction.
• The morning's most significant block deal took place at 10:54 AM. During this transaction, an impressive 2,860,069 shares were traded, with each share priced at Rs 52. This substantial deal amounted to an impressive Rs 14.87 crore.
• Preceding that, at 10:53 AM, another noteworthy block deal unfolded, involving 2,177,818 shares. These shares were traded at Rs 52.5 per share, yielding a substantial total value of approximately Rs 11.43 crore.
• The trading day began with a solid block deal at 10:39 AM, involving 1,453,123 shares, each priced at Rs 51.65 per share. This transaction equated to a total value of about Rs 7.51 crore.

These block deals reflect a surge in investor interest in MMTC Ltd, and the substantial trading volumes could potentially influence the stock's performance in the market.

Combining today's trading session with that of yesterday, the stock has seen an impressive surge of over 30 per cent. Notably, this stock has experienced substantial buying activity, marking an extraordinary increase of over 239 per cent in the past three years.

Keep a close eye on this trending stock.

Disclaimer: The article is for informational purposes only and not investment advice.