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Oct 11, 2023 4:19 AM

MSTC Long

Description

About Company -
MSTC is one of the leading PSU entities engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale, e-procurement services and development of customized software/solutions. It has emerged as a pioneer in the e-auction segment catering to the Government sector, partnering with different Government agencies and ministries in conducting e-Auctions. It is one of the key players offering comprehensive range of services in e-procurement segment. Also, the company develops e-commerce modules (i.e. e-commerce application software) for providing customised e-commerce services to its principals. (Source - Finology Ticker)

Technical Study -
- An uptrend followed by correction and consolidation is a good sign for strength of the stock
- Stock price is in range bound condition and near 50 EMA (406.9)
- Facing resistance near 442.5
- Stock may see uptrend in coming days
Fundamental Study -
MARKET CAP ₹ 3,062.40 Cr., P/E - 12.76, FACE VALUE- ₹ 10, DIV. YIELD-3.44 %, CASH -
₹ 1,439.08 Cr., DEBT -₹ 145 Cr., PROMOTER HOLDING-64.75 %, EPS (TTM)-₹ 34.08, SALES -GROWTH - 31% ROE - 45.16 %,ROCE-46.33%,PROFIT GROWTH 19.58 % (Source - Finology Ticker)

Comment

High 533 this week (15%)

Trade active

BSE code MSTCLTD, hits 1000+
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