India's MSTC surges 20% after L&T appoints company as selling agent

MSTC

07/11/2019 09:52

** Shares of state-owned scrap metals trading firm MSTC Ltd 
 MSTC.NS  rise by the 20% daily limit to 147.45 rupees, highest
since listing in March
    ** Co on Wednesday said Larsen & Toubro Ltd  LART.NS 
appointed it as its selling agent for the sale of scrap for
buildings and factories of L&T in India 
    ** Co raised 2.26 billion rupees ($32.69 million) through
initial public offering in March  urn:newsml:reuters.com:*:nL3N21G17V
    ** About 3.1 mln shares change hands, compared with the
30-day average of 166,900

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
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