MSTC hits record high on heavy volumes; zooms 61% in thus far in January

Nearly 2.9 million equity shares, representing 4.1 per cent of total equity of MSTC, had changed hands on the NSE and BSE till 03:18 pm

Shares of MSTC hit a record high of Rs 263.65, soaring 20 per cent on the BSE on Friday, in an otherwise weak market on the back of heavy volumes.

Trading volumes on the counter more-than-doubled with a combined 2.9 million equity shares, representing 4.1 per cent of total equity of MSTC, changing hands on the NSE and BSE till 03:18 pm. In comparison, the S&P BSE Sensex was down 1.1 per cent at 49,037 levels.

Thus far in the month of January 2021, MSTC has rallied 56 per cent, after the company signed a Memorandum of Understanding