New Delhi, May 29 -- Shares of state-run trading firm MMTC soared over 13 percent in intra-day trade on Thursday, May 29, defying market expectations after the company posted disappointing financial results for the March 2025 quarter. The stock surged as high as Rs.78.59 on the NSE, gaining 13.2 percent during the session, despite the sharp fall in the company's earnings and revenue.

According to MMTC's regulatory filing, net profit for the quarter ended March 2025 plummeted by a staggering 96.8 percent to just Rs.2.23 crore, compared to Rs.69.78 crore in the same quarter last year. The company also reported a 64 percent drop in revenue, which declined to Rs.0.23 crore from Rs.0.64 crore in the year-ago period.

The weakness was not limi...