MSTC Share Price Drop 9% as Stock Trades Ex-Dividend Today

MSTC share price, a state-owned trading and distribution company, declined 9.14% to ₹539.05 during intra-day trading on the NSE on Friday, February 14, 2025. The drop comes as the stock trades ex-dividend today for its second interim dividend for the financial year 2024-25.

Dividend Details

MSTC had earlier informed stock exchanges that its board approved a second interim dividend of ₹32 per share (320% on a face value of ₹10) for FY 2024-25. The company set February 14, 2025, as the record date to determine eligible shareholders. The dividend will be paid within 30 days of declaration. At the current market price, MSTC’s dividend yield stands at 7.54%.

Company Overview

MSTC is a Mini Ratna Category-I PSU under the Ministry of Steel. It operates in 2 main business segments:

• E-commerce: Handles online trading, auctions, and disposal services.
• Trading: Deals with ferrous and non-ferrous scrap, surplus stores, minerals, agricultural products, and forest produce for public and private sector entities.

As of February 14, 2025, MSTC’s market capitalisation is ₹3,807.23 crore on the NSE.

Stock Performance and Market Trends

MSTC’s stock has dropped 35% in the past 6 months and 41% over the past year. Its 52-week range on the NSE is ₹1,036.90 – ₹539.05.

At 11:07 AM, MSTC share price was trading at ₹540, down 4.96% from its previous close of ₹600.20. Nearly 0.24 million shares worth ₹13.05 crore were traded on the BSE and NSE.

Meanwhile, the broader market remained positive. The BSE Sensex was up 497.47 points (0.65%) at 75,641.50, while the NSE Nifty50 rose 176.60 points (0.77%) to 22,854.80.

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