MSTC hits 20% upper circuit, counter logs volume of over 8% of total equity

A combined 5.83 million equity shares representing 8.3 per cent of total equity of the company had changed hands at the counter on the NSE and BSE so far.

Shares of MSTC were locked in the 20 per cent upper circuit at Rs 338.80 on the BSE in Monday’s trade at 02:34 PM backed by  heavy volumes. A combined 5.83 million equity shares representing 8.3 per cent of total equity of the company had changed hands at the counter on the NSE and BSE. There were pending buy orders for a combined 350,000 shares on these exchanges, data shows.

MSTC, a Mini-Ratna Category-I Public Sector Undertaking (PSU) of Government of India (GoI), was set up in September, 1964 for regulating export of ferrous scrap from India. Currently, the