MSTC shares skyrocket 20% to hit upper circuit. Here’s why

MSTC shares hit the 20% upper circuit after the state-owned company reported its strongest second-quarter performance since listing, with consolidated profit after tax rising 57.7% YoY to Rs 74.92 crore. Revenue from operations grew 29.4% to Rs 110.02 crore. The stock also gained after receiving in-principle RBI approval to operate a TReDS platform.