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MSTC soars on signing agreement with Allahabad Bank for sale of NPAs

05 Nov 2019 Evaluate

MSTC is currently trading at Rs. 117.70, up by 0.90 points or 0.77% from its previous closing of Rs. 116.80 on the BSE.

The scrip opened at Rs. 118.00 and has touched a high and low of Rs. 121.05 and Rs. 116.15 respectively. So far 351579 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.00 on 04-Nov-2019 and a 52 week low of Rs. 70.40 on 14-Aug-2019.

Last one week high and low of the scrip stood at Rs. 127.00 and Rs. 96.00 respectively. The current market cap of the company is Rs. 835.30 crore.

The promoters holding in the company stood at 64.75%, while Institutions and Non-Institutions held 15.31% and 19.94% respectively.

MSTC has signed agreement with Allahabad Bank for development of a dedicated e-Auction platform directly linked with Indian Banking Association for sale of NPAs through SARFAESI Act. The e-Auction platform will be a one of a kind solution where bidder once registered will be able to participate in auctions for all banks. This move will help the banks to monetize NPAs through a streamlined process thereby increasing revenue generation.

MSTC is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.

MSTC Share Price

472.05 -2.45 (-0.52%)
17-Apr-2026 16:59 View Price Chart
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