1. **Technical Analysis**: - The stock has experienced breakouts on multiple time frames: daily, weekly, and monthly. This is generally considered a positive sign in technical analysis, as it indicates strong upward momentum.
2. **Trading Recommendation**: - The recommendation is to buy NSE:MMTC at around Rs 70. - The target price (TRG) is set at Rs 100-125, which suggests an expectation of significant price appreciation. - A stop-loss is placed at Rs 53.50, which is intended to limit potential losses in case the trade goes against the investor.
3. **News Event**: - The stock's rise is attributed to the Indian government's approval of royalty rates for mining strategic minerals, specifically lithium, niobium, and rare-earth elements. - This approval allows the government to auction blocks for these minerals in India for the first time. - The royalty rates are specified as 3% for lithium and niobium and 1% for rare-earth elements. - Royalty rates are important financial considerations for bidders in the auction of mineral blocks. - India is currently conducting exploration for critical and strategic minerals.
_*India may shut down these three government companies, as per sources*_
_Union Commerce Minister Piyush Goyal is set to chair a high-level meeting on October 23 to discuss the possibility of closure of the government-owned three firms._
_India may shut down these three government companies, as per sources The Centre may decide the fate of three government-owned firms on Monday, October 23 in a high-level meeting to be chaired by Unio Commerce and Industry Minister Piyush Goyal, according to CNBC-TV18 sources. Goyal is likely to take a call on the closure of the Metals and Minerals Trading Corporation of India *(MMTC)*, the State Trading Corporation *(STC)* and the Project & Equipment Corporation of India Ltd *(PEC).*_
_Union Commerce Minister Piyush Goyal is set to chair a high-level meeting on October 23 to discuss the possibility of closure of the government-owned three firms._
_India may shut down these three government companies, as per sources The Centre may decide the fate of three government-owned firms on Monday, October 23 in a high-level meeting to be chaired by Unio Commerce and Industry Minister Piyush Goyal, according to CNBC-TV18 sources. Goyal is likely to take a call on the closure of the Metals and Minerals Trading Corporation of India *(MMTC)*, the State Trading Corporation *(STC)* and the Project & Equipment Corporation of India Ltd *(PEC).*_