MMTC Stock Surges 13% Amid Leadership and Financial Developments MMTC shares rose sharply by 13% on March 18, 2026, following key developments related to leadership appointments and strong financial performance. The Public Enterprises Selection Board (PESB) conducted critical selection meetings for board-level positions at the company, with the Director (Finance) role being a focal point. The process involved evaluating senior finance professionals for a leadership role responsible for overseeing financial strategy, capital management, and compliance. These appointments are closely watched by investors as they can influence the company’s strategic direction and operational efficiency. The stock’s surge came as MMTC reported robust quarterly results for Q3 FY26. Total income reached Rs 70 crore, a 79% increase from Rs 39 crore in the same period of FY25. Net profit also jumped significantly, hitting Rs 46 crore compared to Rs 4 crore in Q3 FY25, representing over 1,050% growth. Over the past five years, the company has maintained a 19% compound annual growth rate (CAGR). However, the nine-month performance showed a slight decline, with total income dropping 11% to Rs 70 crore from Rs 79 crore in Q1 FY26. Net profit also fell 13% to Rs 46 crore from Rs 53 crore in Q1 FY26. MMTC Limited, a Government of India-owned Miniratna company, is one of India’s largest trading enterprises. It specializes in the international and domestic trade of minerals, metals, precious metals, and other commodities, serving both industrial and retail sectors. The company’s market capitalization stood at Rs 9,160 crore as of March 18, 2026. Its financial metrics include a Return on Equity (ROE) of 5.87% and a Return on Capital Employed (ROCE) of 7.70%, indicating moderate returns.#government_of_india #miniratna_company #mmtc #public_enterprises_selection_board #director_finance
IDBI Bank Share Price Down 35%: What Triggered Crash, Should Account-Holders Worry Shares of IDBI Bank have plummeted nearly 35% in recent weeks, sparking concerns among investors. The sharp decline has wiped out over Rs 18,500 crore in market value, with the stock falling close to its 52-week low of Rs 72.04. The sell-off has raised questions about the bank’s future, but experts emphasize that depositors need not worry about the financial stability of the institution. The primary driver of the market turmoil is uncertainty surrounding the bank’s privatisation plans. The government and Life Insurance Corporation of India (LIC) had previously aimed to sell a majority stake in the bank, a move seen as a potential turning point for its financial health. However, recent reports suggest the sale may be scrapped after bids fell below expected levels. This has led to a shift in investor sentiment, with many pulling back from the stock. The lack of aggressive bids from potential buyers highlights broader concerns. Investors are wary of the bank’s management structure post-acquisition, as well as its legacy issues from its public sector past. High employee costs, rigid structures, and regulatory uncertainties have further dampened confidence. While the government anticipated a better valuation, the gap between expectations and reality stalled the process. Despite the drop in valuations, the bank’s fundamentals remain relatively stable. It has returned to profitability, reduced bad loans significantly, and received capital support in the past. The government and LIC continue to provide backing, and the bank’s balance sheet shows no signs of weakening.#reserve_bank_of_india #idbi_bank #life_insurance_corporation_of_india #government_of_india #deposit_insurance_and_credit_guarantee_corporation
IDBI Bank Divestment Scrapped? LIC, Govt-Owned Bank Clarifies After Stock Tanks IDBI Bank has addressed media speculation about the potential cancellation of the government’s proposed majority stake sale. The bank stated it cannot confirm or deny reports suggesting the sale might be scrapped due to low bids. It emphasized that the strategic disinvestment process is confidential and managed by the Government of India, with the bank having no role in confirming or denying the news. In a filing to the stock exchange, IDBI Bank clarified that the proposed strategic disinvestment is a confidential process initiated by the government. The bank reiterated that it is not in a position to comment on the referenced news reports. When asked about ongoing negotiations, the bank clarified that the disinvestment is being conducted through a competitive bidding process in accordance with government guidelines. It stated that such processes do not involve negotiations, and therefore, the bank has not been involved in any discussions related to the sale. The bank also mentioned that it has already provided updates to stock exchanges regarding key developments in the proposed strategic sale. This comes amid concerns about the stock’s performance, with investors reacting to the uncertainty surrounding the divestment. The government’s plan to sell a majority stake in IDBI Bank has been a topic of discussion, as the bank is a significant player in the Indian financial sector. The clarification follows reports that the sale might be delayed or canceled due to insufficient interest from potential bidders. However, the bank has not received any official communication regarding the cancellation of the sale.#idbi_bank #government_of_india #indian_financial_sector #lic #stock_exchange
President of India-Backed Telecom Stock Jumps 12% from 52-Week Low, Here’s Why ITI Ltd’s stock experienced a significant rebound on Monday, March 16, 2026, as it surged nearly 12% from its recent low. The stock opened at Rs 243, rising to an intraday high of Rs 273, marking a sharp recovery after hitting a 52-week low of Rs 232.90 during the week of March 13, 2026. The increased trading volume, which reached 162.23 lakh shares, was nearly 15 times higher than the 20-day average, indicating strong investor interest. The company’s government ownership structure highlights its strategic importance. The Government of India holds approximately 90.02% of ITI Ltd, while the Government of Karnataka owns a minor stake of 0.03%. This public sector backing underscores the company’s role in India’s telecommunications infrastructure and digital connectivity initiatives. ITI Ltd’s financial performance and project pipeline also contributed to the stock’s recent momentum. As of July 31, 2025, the company had an unexecuted order book of Rs 19,198.56 crore, equivalent to 5.26 times its FY25 revenue. This robust order book reflects strong revenue visibility over the medium term. Key projects include ASCON Phase IV, BharatNet Phase III, BSNL 4G, and data centre developments for the Indian Air Force. Additionally, the company secured proof-of-concept clearances for several projects, which enhanced execution momentum during FY25. Despite the recent price surge, ITI Ltd’s quarterly performance in Q3 FY26 showed mixed results. Sales dropped to Rs 515 crore, a 50% decline compared to Rs 1,035 crore in Q3 FY25. However, the net loss narrowed to Rs 26 crore, a 61% improvement over the Rs 67 crore loss in Q3 FY25. This reduction in losses suggests improving operational efficiency.#government_of_india #government_of_karnataka #iti_ltd #bharatnet_phase_iii #ascon_phase_iv
Bandhan Bank stock falls 10% to hit lower circuit, as promoter explores stake sale, IPO to facilitate investor exits Bandhan Bank’s shares experienced a sharp decline, dropping 10% to reach the lower circuit on March 16, 2026. The stock’s fall was attributed to the promoter’s exploration of options to sell a stake in the company or launch an initial public offering (IPO), which aims to provide an exit route for long-term institutional investors such as the International Finance Corporation (IFC) and the Government of India’s General Insurance Corporation (GIC). The move is also intended to address regulatory requirements related to promoter shareholding in the bank. The promoter’s potential stake sale or IPO plan has raised concerns among investors, leading to the stock’s significant drop. Earlier in the day, Bandhan Bank shares had already fallen 7% following news of the promoter’s consideration of a stake sale. Analysts noted that the decision to explore these options reflects the promoter’s strategy to align with regulatory norms while offering liquidity to long-term investors. Jefferies, a financial services firm, was reportedly hired to evaluate the options for the promoter, including the possibility of an IPO. The bank’s board has also discussed restructuring measures as part of the broader plan to navigate regulatory challenges and enhance shareholder value. The promoter’s actions are seen as a response to evolving regulatory frameworks, which require banks to reduce promoter ownership to a certain threshold. The stock’s sharp decline highlights the market’s sensitivity to changes in corporate strategy and regulatory compliance.#jefferies #bandhan_bank #promoter #international_finance_corporation #government_of_india
