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ValueQuest India Moat acquires 1.17% stake in MSTC; shares skyrocket 17%
Source: Business Standard
Illustration: Binay Sinha
MSTC is a Schedule-B, Mini Ratna Category-1 Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Steel (MOS), Government of India (GOI). Delivering innovative e-commerce solutions across various sectors, MSTC has been digitalising various B2B & G2B transactions. Currently, MSTC is providing comprehensive e-commerce services, including e-auctions, e-sales, e-procurement, e-tenders, etc., along with specialised customised software solutions, meeting each and every requirement of its clients. As per the information available on the company’s official website, presently, the Government of India has 64.75 per cent shareholding in the company.
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MSTC shares have a 52-week range of Rs 1,165-417.15 on the BSE.
At around 2:48 pm, MSTC shares were quoted trading at Rs 713.05, up 13.03 per cent from its previous close of Rs 630.85 on the BSE. A total of nearly 19.61 lakh equity shares of MSTC worth around Rs 138.61 crore have exchanged hands on the BSE and NSE.
MSTC shares are currently 36 per cent lower than their 52-week high of Rs 1,165 scaled on January 31, 2024.
First Published: Oct 09 2024 | 3:17 PM IST
