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MSTC Shares Rise 17% After Cabinet Scheme Approval

Created at 4 Jun · 7:21 AM1 source↑ Market-relevant
IN SHORT

MSTC shares surged as much as 17.31% on the NSE following the approval of a cabinet scheme. By 11:30 am, the stock was trading 12.95% higher at Rs 504.25. MMTC, another scrappage-focused stock, also saw its share price climb.

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Key Numbers

17.31%MSTC share price increase
12.95%MSTC share price increase at 11:30 am
Rs 504.25MSTC share price at 11:30 am

Who's Involved

MSTC
Company whose shares surged after scheme approval
MMTC
Scrappage-focused stock that also climbed

↳ Why This Matters

The approval of a cabinet scheme has directly boosted the share prices of MSTC and related company MMTC, indicating positive market reaction to government policy initiatives.

Key facts

  • MSTC shares rose significantly on the NSE.
  • The surge followed the approval of a cabinet scheme.
  • MMTC, a related stock, also saw an increase in its share price.

MSTC shares experienced a significant surge, reaching a high of 17.31% on the National Stock Exchange (NSE). By 11:30 am, the stock was trading 12.95% higher at Rs 504.25. This upward movement followed the approval of a cabinet scheme. MMTC, another company with a focus on scrappage, also saw its share price climb.

Frequently asked questions

MSTC shares surged following the approval of a cabinet scheme.

MSTC shares rose as much as 17.31% and were trading 12.95% higher at Rs 504.25 by 11:30 am.

Yes, MMTC, another scrappage-focused stock, also climbed.

What Happens Next

01Further details on the cabinet scheme's impact on MSTC and MMTC.

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How It Developed

4 Jun · 6:09 AM
MSTC shares surged over 17% after the cabinet approved a scheme, with the stock trading 12.95% higher at Rs 504.25 by 11:30 am.
NDTV via PiQSuite

Sources

T1
MSTC Shares Surge 17% In Trade After Cabinet Scheme Approval - Here's Whym.piqsuite.com

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