MTL
Strong Buy
Millat Tractors Share Price Today, Live PSX Chart & Forecast (PSX: MTL) Millat Tractors Limited
Open
Rs 305.00
High
Rs 307.00
Low
Rs 303.01
Prev close
Rs 305.05
Volume
216,296
Turnover
Rs 66.3M
AI verdict · rule-engine-v2
Strong Buy
64% confidence · Short Term
Our model is bullish on MTL. It has called this stock correctly 52.6% of the time over 154 out-of-sample checks. See what drove this ↓
Target
Rs 312.67
Exp. return
+2.0%
MTL share price and analysis
Millat Tractors Limited (MTL) last traded at Rs 306.64 on the Pakistan Stock Exchange, where it rose 0.52% on the session of 7 September 2026. Volume was 216,296 shares, a turnover of Rs 66.3 million. Over the past year the share has traded between Rs 244.25 and Rs 313.95, putting the current price in the upper part of that range.
The price is above both its 20-day (303.25) and 50-day (299.67) moving averages, the configuration usually read as an intact uptrend. The 14-day RSI is 60.6, a neutral reading. ADX at 18.6 indicates a weak or rangebound trend.
With a market capitalisation of about Rs 122.4 billion, this is one of the larger listings on the exchange and is classified under Automobile Assembler. It trades on a price-to-earnings ratio of 8.5, meaning the market is paying about Rs 8.5 for every rupee of annual earnings. Earnings per share stand at Rs 31.94. The trailing dividend yield is 6.48%, which is the income a holder receives at the current price before any capital movement. Return on equity is 28.4%. A beta of 1.60 means the share has historically moved more sharply than the wider market.
MTL is the 3rd largest of the 11 Automobile Assembler companies we track by market value. Its price-to-earnings ratio of 8.5 compares with the Automobile Assembler median of 8.5, putting it broadly in line with its sector. Its trailing dividend yield of 6.48% sits above the 4.23% median for the sector. Sector medians are taken across the companies we hold fundamentals for and move as those are restated.
Our forecasting model currently reads MTL as strong buy over a short term horizon, at 64% confidence. Its target price is Rs 312.67, an expected return of +2.0%. The model is computed from the price and indicator history shown on this page. It does not read news, financial statements or management changes, and it is not a recommendation to buy or sell.
This summary is generated from the end-of-day prices and indicators shown on this page and is refreshed after each trading session. It describes the data; it is not a recommendation. See how we collect and check this data and our disclaimer.
MTL technical indicators — RSI, MACD & moving averages
Price chart
RSI (14)
MACD (12, 26, 9)
RSI 14
60.6
Stoch %K
95.9
ADX 14
18.6
Williams %R
-4.1
SMA 20
303.25
SMA 50
299.67
MACD
1.472
ATR 14
2.010
BB Upper
309.91
BB Lower
296.60
Momentum
7.59
Tech score
80
MTL AI forecast & accuracy
rule-engine-v2directional accuracy over 154 backtested 10-day forecasts on this stock's history
- Target
- Rs 312.67
- Stop
- Rs 303.63
- Support
- Rs 298.17
- Resistance
- Rs 311.27
- Exp. return
- 1.97%
- Risk
- 52.60/100
Why
MTL shows strongly bullish technical and fundamental alignment. Overall score 72/100. Drivers: Price above the 50-day average (uptrend); Histogram positive — momentum building; Fundamental score 79/100; Overbought (%K 96). Suggested action: Strong Buy toward a target near 312.67. This is an automated model assessment, not financial advice.
Generated by rule-engine-v2 from the indicators above. It does not read news, filings or management changes — see how this works.
MTL fundamentals & valuation ratios
- Market cap
- Rs 122.4B
- P/E
- 8.5
- EPS
- 31.94
- P/B
- 1.8
- Div yield
- 6.48%
- ROE
- 28.4%
- Beta
- 1.60
- Volatility
- 34.0%
Sector peers
MTL price history — last 30 sessions
| Date | Open | High | Low | Close | Change | Volume |
|---|---|---|---|---|---|---|
| Mon, 7 Sep 2026 | 305.00 | 307.00 | 303.01 | 306.64 | +0.52% | 216,296 |
| Fri, 4 Sep 2026 | 304.29 | 305.05 | 304.29 | 305.05 | +0.25% | 187,575 |
| Thu, 3 Sep 2026 | 301.95 | 304.29 | 301.95 | 304.29 | +0.78% | 146,489 |
| Wed, 2 Sep 2026 | 301.70 | 301.95 | 301.70 | 301.95 | +0.08% | 142,565 |
| Tue, 1 Sep 2026 | 301.45 | 301.70 | 301.45 | 301.70 | +0.08% | 72,687 |
| Mon, 31 Aug 2026 | 301.20 | 301.45 | 301.20 | 301.45 | +0.08% | 206,314 |
| Fri, 28 Aug 2026 | 301.70 | 301.70 | 301.20 | 301.20 | -0.17% | 142,763 |
| Thu, 27 Aug 2026 | 304.27 | 304.27 | 301.70 | 301.70 | -0.84% | 149,115 |
| Tue, 25 Aug 2026 | 299.26 | 304.27 | 299.26 | 304.27 | +1.67% | 255,909 |
| Mon, 24 Aug 2026 | 299.05 | 299.26 | 299.05 | 299.26 | +0.07% | 97,371 |
| Fri, 21 Aug 2026 | 298.17 | 299.05 | 298.17 | 299.05 | +0.30% | 97,037 |
| Thu, 20 Aug 2026 | 301.86 | 301.86 | 298.17 | 298.17 | -1.22% | 105,912 |
| Wed, 19 Aug 2026 | 299.95 | 301.86 | 299.95 | 301.86 | +0.64% | 91,079 |
| Tue, 18 Aug 2026 | 303.26 | 303.26 | 299.95 | 299.95 | -1.09% | 128,953 |
| Mon, 17 Aug 2026 | 303.58 | 303.58 | 303.26 | 303.26 | -0.11% | 127,953 |
| Thu, 13 Aug 2026 | 304.50 | 304.50 | 303.58 | 303.58 | -0.30% | 122,173 |
| Wed, 12 Aug 2026 | 305.86 | 305.86 | 304.50 | 304.50 | -0.44% | 106,191 |
| Tue, 11 Aug 2026 | 310.98 | 310.98 | 305.86 | 305.86 | -1.65% | 137,747 |
| Mon, 10 Aug 2026 | 310.33 | 310.98 | 310.33 | 310.98 | +0.21% | 334,886 |
| Fri, 7 Aug 2026 | 311.27 | 311.27 | 310.33 | 310.33 | -0.30% | 225,339 |
| Thu, 6 Aug 2026 | 310.45 | 311.27 | 310.45 | 311.27 | +0.26% | 760,939 |
| Wed, 5 Aug 2026 | 302.20 | 310.45 | 302.20 | 310.45 | +2.73% | 897,491 |
| Tue, 4 Aug 2026 | 300.02 | 302.20 | 300.02 | 302.20 | +0.73% | 268,335 |
| Mon, 3 Aug 2026 | 299.66 | 300.02 | 299.66 | 300.02 | +0.12% | 155,279 |
| Fri, 31 Jul 2026 | 298.83 | 299.66 | 298.83 | 299.66 | +0.28% | 244,899 |
| Thu, 30 Jul 2026 | 296.57 | 298.83 | 296.57 | 298.83 | +0.76% | 435,590 |
| Wed, 29 Jul 2026 | 297.77 | 297.77 | 296.57 | 296.57 | -0.40% | 214,401 |
| Tue, 28 Jul 2026 | 294.82 | 297.77 | 294.82 | 297.77 | +1.00% | 207,573 |
| Mon, 27 Jul 2026 | 284.11 | 294.82 | 284.11 | 294.82 | +3.77% | 297,629 |
| Fri, 24 Jul 2026 | 284.36 | 284.36 | 284.11 | 284.11 | -0.09% | 114,631 |
All figures in PKR, end of day, sourced from the Pakistan Stock Exchange.
Other Automobile Assembler stocks
MTL is a Automobile Assembler listing. Compare it against the rest of the sector, or read what actually drives Automobile Assembler companies on the PSX.
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MTL — frequently asked questions
What is MTL's share price today?
+
Millat Tractors Limited (MTL) last traded at Rs 306.64 on the Pakistan Stock Exchange, up 0.52% on the session of 7 September 2026. The day's range was Rs 303.01 to Rs 307.00 on 216,296 shares. These are end-of-day figures published by the exchange, not a live trading feed.
What is the 52-week high and low for MTL on the PSX?
+
MTL has traded between Rs 244.25 and Rs 313.95 over the past twelve months on the Pakistan Stock Exchange. The range is computed from the end-of-day closes we hold for the stock and is refreshed after every session.
What is MTL's current dividend yield?
+
MTL has a trailing dividend yield of 6.48%, meaning that for every Rs 100 invested at the current price a holder received about Rs 6.48 in dividends over the last twelve months. Yield moves with the share price as well as with the payout, so a rising yield is not automatically a better income stream.
Is MTL Shariah-compliant on the PSX?
+
Yes. The Pakistan Stock Exchange lists MTL in its Shariah-screened KMI All Share index, which means the company passed the screening set with Meezan Bank at the last review — the business-activity test plus the financial ratio tests on interest-bearing debt, illiquid assets and non-compliant income. Screening is periodic, so a company can be dropped when a ratio breaks; check the current KMI index membership before relying on it.
Which PSX indices is MTL part of?
+
MTL is a constituent of the KSE All Share, KMI All Share, KSE-100 and PSX Dividend 20. KSE-100 membership means it is one of the hundred companies the headline PSX benchmark is built from. Index membership is taken from the exchange's own published listing for each session.
Is MTL expensive? What are its valuation ratios?
+
MTL trades on a price-to-earnings ratio of 8.5, so the market is paying about Rs 8.5 for each rupee of annual earnings, earnings per share of Rs 31.94, a price-to-book ratio of 1.81 and a return on equity of 28.4%. Ratios are only meaningful next to the rest of the sector — a low multiple that the whole sector shares is usually a sector problem rather than a bargain, which is why the sector page is linked from this one.
What is the AI forecast for MTL?
+
Our model currently reads MTL as strong buy over a short term horizon, at 64% confidence, with a target price of Rs 312.67. It is computed from this stock's own price and indicator history. It does not read news, financial statements or management changes, its backtested hit rate on this specific stock is published on the page, and it is not investment advice.
Answers are generated from the end-of-day figures on this page and refreshed after each session. See all frequently asked questions or our methodology.
About this data
Prices, volumes and indicators for MTL are end-of-day figures collected from the Pakistan Stock Exchange and recomputed after each session — they are not a live trading feed and may lag the market. Forecasts are the output of logistic-v1, an automated logistic-regression model trained on price history alone; it does not read news, filings or management changes, no analyst reviews its output before publication, and its track record is published in full on our model accuracy page.
PSX Expert is an independent analytics publisher. We are not licensed by the SECP as a securities adviser, investment adviser, research analyst or broker-dealer, and nothing on this page is a personal recommendation. Past performance and back-tested results do not predict future results. Read our methodology, who we are and the full disclaimer before acting on anything here.