MSTC Limited Weekly reversal Breakout

15 июл. 2023 г.

Scrip had made it all-time high in October 2021. After that company has shown growth in net profit continuously year on year. Current PE is 11.3.
2020 - 97 Cr.,
2021 – 113 Cr.,
2022 – 199 Cr.,
2023 – 242 Cr.

On 14.07.2023, it has given break out on weekly closing basis from major resistance of 2021.
From the current price it has the potential to give a return of 38% till its all-time high and if it gives a break out then 120%.

-: About Company :-
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MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc.[1] The company is owned and controlled by the Government of India.

During the 2022-23, the Company crossed INR 3015.90 bn in terms of value of goods transacted through its marketing and e-commerce verticals which is 120.00% increase over the value of goods traded in 2021-22.

Key Highlights
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Circular Economy / ELV Auction Portal - MMRPL(JV of MSTC with Mahindra Intertrade Ltd) has set up six RVSFs at Noida, Chennai, Pune, Indore, Ahmedabad & Hyderabad, which are operational. One plant at Guwahati has got RVSF approval, another plant at Bangalore is under advance stage of approval. MSTC launched ELV portal for disposal of ‘End-Of-Life’ Vehicles for Central and State Govt. The services have now been extended for individual ELV owners also. In the FY 2223, 2084 ELVs of various Central/State Govt. have been sold.

Spectrum Auction - MSTC Limited has successfully conducted Spectrum 4G/5G auction. Department of Telecom (DoT) earned record revenue of 1,50,173.29 Crore for Govt. of India from this auction

Apart from it, they of auctioned various coal mine blocks, mineral blocks. Bank NPAs sold from its platform. Transfer of technology auction etc.

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