Do you know?

Have you heard about a stock which is trading at 50,000 levels? One stock valued at 50,000 Rupees? Yes it’s true. The first company that I am going to introduce you to is MMTC (Minerals and Metals Corporation); the BSE scrip code is 513377. This company is the foremost player in Trading in Asia. The company evolved based on the bifurcation from STC (State Trading Corporation of India). The company’s business area involves minerals, precious metals, fertilizers, agro products and many more. I don’t have exact date when this stock came into existence in BSE/NSE but with the data I have in 1999 the opening price of the stock was 10 rupees. In the year 2007 the price of the stock went up to an all time high of 56000. Right now recently the stock’s face value has changed from 10 to 1. The stock is currently trading at 1300 levels.

The second company that I am going to introduce you to is OMDC (Orissa Minerals Development Company), the BSE scrip code is 590086. This company was listed in BSE only in August, 2010 before that it was being traded in CSE (Calcutta Stock Exchange). The open price was around 20,000 and currently it’s trading at 50,000 levels.
The most surprising factor is that both are PSU (Public Sector Unit) stocks and the price at which it is trading is unbelievable. But its true that people are trading stocks like these too. If one masters the art of identifying hidden values in stocks like these ;-) guess what we would be millionaires.

I don't know how many more hidden treasures are out there in the heap of stocks, but one thing is for sure, one day i am going to hold one of those treasures in my hand ;-)