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MSTC up 91% in 12 days; Chhattisgarh govt appoints co its selling agent

The agreement will remain valid for three years from the date of execution of agreement.

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SI Reporter Mumbai
Shares of MSTC continued their northward journey, rallying 18 per cent to Rs 181 on the BSE on Wednesday after the Chhattisgarh government appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the last 12 trading days, it has soared 91 per cent, as compared to a 3.3 per cent rise in the S&P BSE Sensex. 

“Governor of Chhattisgarh on behalf of Government of Chhattisgarh has appointed MSTC as the selling agent as per the terms of selling agency agreement