Economic TimesLean R·
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, while profit after tax rose 57.7% to Rs 74.92 crore. The company said both were its highest-ever Q2 fig…
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