MSTC Limited Shares Rise Over 3% After Karnataka Excise Department E-Auction Deal

Kolkata, October 29, 2025: Shares of MSTC Limited (NSE: MSTCLTD, BSE: 542597) gained 3.74% reaching an intra-day high of ₹553.00 on Wednesday, after the company announced that it has signed an agreement with the State Excise Department of the Government of Karnataka. The agreement is to conduct e-auctions for granting liquor shop licenses across the state.

MSTC Limited is a Government of India enterprise that operates under the Trading & Distributors category. The company specialises in e-commerce solutions, metal recycling, and e-auction services for government and private entities. It is listed on both NSE and BSE since March 2019 under the tickers MSTCLTD and 542597, respectively, and forms part of the Nifty Total Market Index.

Agreement Details

As per the agreement, MSTC Limited will act as the selling agency responsible for conducting the entire e-auction process for the Excise Department. The agreement will remain valid until either party chooses to terminate it. The company clarified that revenue from the engagement will come in the form of commission earned on the highest bid value. The agreement is a domestic agreement with no related parties involved.

Stock Performance Snapshot

As of October 29, 2025, 02:35 pm, the share price of MSTC Limited was trading at ₹549.25, up by 3.04% or 16.20 points. The company’s shares opened in green at ₹536.50, and the stock has traded decently since then. The company has a total traded volume of 9.81 Lakhs, while its total traded value and total market cap stood at ₹53.73 crore and ₹3,871.30 crore, respectively.

REF: https://nsearchives.nseindia.com/corporate/MSTCLTD_29102025123252_SE683.pdf

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