with market value of 1,903.26 crore, MSTC Ltd. is a small-cap company that operates in the trading industry. The Ministry of Steel, Government of India has administrative powers for the Mini Ratna Category-I PSU MSTC Limited. The firm is one of the top PSU entities engaged in e-auction/e-sales, e-procurement services, and developing specialized software/solutions for various industrial sectors. It is also a well-known operator in the trading of bulk raw materials.
To confirm the first and second interim dividend @ Rs. 2.00 per share and Rs. Fifty-seventh Annual General Meeting (“AGM”) MSTC to declare final dividend @ 4.40 per share (44%) on equity shares for the financial year 2021-22 and 6.50 per share respectively on equity shares for the financial year 2021-22 and Ltd. will be held at 11:00 a.m. on Tuesday, September 27, 2022, the board of directors said in a regulatory filing.
He further stated that “The Company has fixed Friday, 16 September 2022 as the ‘Record Date’ for determining the eligibility of the members to receive the final dividend for the financial year 2021-22. The final dividend for Rs, if declared at the 57th AGM, shall be paid within the stipulated time to all the members whose names appear in the register of members/beneficiary owners of the company at the close of business hours on Friday, September 16, 2022 as the ‘record date’. The final dividend, after being approved by the members at the AGM, shall be paid to eligible shareholders within the stipulated period of 30 days from the date of declaration.”
MSTC Ltd. The shares of K were trading at Rs. 269.45 per piece, a decline of 0.26% from the previous close of Rs. 270.15 The stock gave a multibagger return of 136.46% in the last 5 years and a multibagger return of 232.02% in the last 3 years. In the last 1 year, the stock has gained 0.24% and on YTD basis, the stock has fallen 19.40% so far in 2022. The stock is trading 5 days, 10 days, 20 days, above 50 at the current market price. day EMA but below the 100 day and 200 day exponential moving average (EMA).
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