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Stock market news: MSTC shares fall over 2%

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NEW DELHI: Shares of MSTC Ltd. traded 2.3 per cent down in Wednesday’s trade at 11:32AM (IST). Around 3,698 shares changed hands on the counter.

The counter opened at Rs 151 and touched an intraday high and low of Rs 152 and Rs 148.5, respectively, in the session so far. The stock of MSTC Ltd. quoted a 52-week high of Rs 235.15 and a 52-week low of Rs 72.6.

Total market cap of the MSTC Ltd. stood at Rs 1045.79 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 101.79 crore for the quarter ended 30-Jun-2020, down 47.49 per cent from previous quarter’s Rs 193.84 crore and down 79.03 per cent from the year-ago quarter’s Rs 485.41 crore.

Shareholding pattern

As of 30-Jun-2020, DIIs held 0.01 per cent stake in the company, while the promoters held 64.75 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 16.05 and a price-to-book ratio of 2.21. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

MSTC Ltd. belongs to the Trading industry.

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