MSTC surges on emerging as L1 bidder for Coal India’s NRS linkage auction contract
MSTC is currently trading at Rs. 458.95, up by 6.85 points or 1.52% from its previous closing of Rs. 452.10 on the BSE.
The scrip opened at Rs. 452.20 and has touched a high and low of Rs. 467.00 and Rs. 452.20 respectively. So far 9485 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 581.75 on 19-May-2025 and a 52 week low of Rs. 410.80 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 469.15 and Rs. 446.00 respectively. The current market cap of the company is Rs. 3240.16 crore.
The promoters holding in the company stood at 64.75%, while Institutions and Non-Institutions held 5.04% and 30.22% respectively.
MSTC has become L1 bidder for tender hosted by Coal India at GEM portal for appointment of External Service Provider for conducting Linkage Auction for Non - Regulated sector (NRS) for three years. MSTC will be responsible to provide whole gamut of associated services of NRS Linkage auction starting from conducting of auction to execution of agreement through MSTC platform for three years.
