MSTC stock hit 20% upper circuit today

28 Nov 2022 , 03:12 PM

On Monday at 02:34 PM, MSTC shares hit the 20% upper circuit at Rs 338.80 on the BSE, supported by high volumes. 5.83 million equity shares, or 8.3% of the company’s total equity, had exchanged hands at the counters on the NSE and BSE. According to data, there were pending buy orders for 350,000 shares total on these exchanges.

Despite a 7.6% YoY reduction in overall revenue of Rs 463.72 crore from last year, MSTC recorded a strong 90.7% year-over-year (YoY) increase in its consolidated profit after tax at Rs 117.96 crore for the April through September financial year 2022—23 (H1FY23). The company’s e-commerce division revenue increased 34.9% y-o-y to Rs 167.71 crore.

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