MSTC shares skyrocket 20% to hit upper circuit. Here’s why

MSTC shares surged 20% to hit the upper circuit at Rs 783.65 on the BSE after the state-owned e-commerce company reported its strongest second quarter since listing and received in-principle approval from the Reserve Bank of India to operate a Trade Receivables Discounting System (TReDS).Consolidated profit before tax jumped 54.8% year-on-year (YoY) to Rs 99.85 crore in the September quarter,…

First reported by The Economic Times 9 hr ago1 source

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The Economic Times05:139 hr ago
MSTC shares skyrocket 20% to hit upper circuit. Here’s why (opens The Economic Times in a new tab)
MSTC shares surged 20% to hit the upper circuit at Rs 783.65 on the BSE after the state-owned e-commerce company reported its strongest second quarter since listing and received in-principle approval from the Reserve Bank of India to operate a Trade…

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