Business
India's MSTC gains on pollution control board nod for electronic trading platform
India's MSTC gains on pollution control board nod for electronic trading platform
About this update from Mstc Ltd.
** Shares of e-commerce company MSTC NSE:MSTCLTD rise as much as 3.4% to 545.4 rupees, before paring gains to trade up 2.3% ** Shares gain after the Central Pollution Control Board (CPCB) recommends MSTC to build and run an online platform for trading Extended Producer Responsibility (EPR) certificates** Companies need EPR certificates to buy and meet government rules on recycling waste like plastics, batteries, and e-waste** Analysts view the mandate as a positive, expanding MSTC's digital services beyond its core e-auctions and reinforcing its position as a government-backed marketplace operator ** Trading volume reaches 382,045 shares, 1.3 times the 30-day average ** Despite session's gains, MSTC shares have lost 22.3% so far in 2025, underperforming the Nifty Microcap 250 Index, which has fallen 4.3% year-to-date