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.