MSTC Dividend Alert: Rs 4.50 Payout Incoming & Signals Bullish Surge; What Investors Should Know?

Under the Ministry of Steel, Government of India, MSTC Limited is a Mini Ratna Category-I PSU. Its main activities include building bespoke software solutions and offering e-commerce-related services across a variety of industries, such as e-auction and e-procurement. Since 2002, the firm has been providing cutting-edge e-commerce solutions for a variety of industries. MSTC is the only PSU operating in this area and has expanded to rank among the largest e-commerce enterprises in India.

MSTC Dividend

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of MSTC Limited at its meeting held today i.e. on 26th March, 2025 inter alia declared 3rd Interim Dividend @ 45% i.e. Rs. 4.50 per equity share of face value of Rs.10/- each for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration. As per Regulation 42 of the listing regulations the Board has also fixed 2nd April, 2025 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of such Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration," said MSTC in a stock exchange filing.

MSTC Dividend Tax Alert: Submit Your Forms Before April 2 to Avoid Higher TDS

"It is further informed that as per the provisions of the Income Tax Act, 1961, dividend income is taxable in the hands of shareholders and the Company is required to deduct TDS at the time of making payment of dividend, at the rates prescribed under the Income Tax Act, 1961. In view of the same, it is informed that in case a shareholder desires that his/ her tax should be deducted at lower rates or no tax should be deducted, then he/she is required to submit scanned copy of PAN, form 15G/15H ft other requisite documents for the financial year 2024-25, on or before 2nd April, 2025, unless already submitted, through email at virenders@alankit.com with a copy marked to cssectt@mstdndia.in. No communication on the tax determination / deduction of tax at lower rates shall be entertained after 2nd April, 2025," MSCT informed stock exchanges.

MSTC Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "MSTC Ltd. is currently trading at ₹511 and has recently rebounded from lower levels, indicating a potential trend reversal. The stock is forming a pattern of higher highs and higher lows, signaling strong buying interest and a bullish market structure. This upward momentum is further supported by a surge in trading volume, adding credibility to the breakout. From a technical perspective, MSTC Ltd. is finding support at the 20-EMA on the daily chart, reinforcing its bullish outlook."

"However, the stock is facing resistance at ₹539, which aligns with the 50-EMA on the daily timeframe, leading to a minor pullback. A decisive close above this level could confirm the ongoing bullish reversal, potentially driving the stock towards the 200-EMA which is 645. Traders may consider entering at the current price of ₹511, with a target of ₹645 and a stop-loss at ₹475 to manage risk effectively. While the technical setup appears promising, traders should remain cautious of short-term volatility and adhere to disciplined risk management strategies for optimal trade execution," Mandar Bhojane further recommended.

"The price action in MSTC shows that there is a high probability that if price manages to break above major resistance at 578 there could be a sustained upmove towards 676 and above that to 698. The price is crossing above its 50-day moving average and MACD has moved into a buy mode. Traders should observe the price action in this stock and wait for the price to move above 578," highlighted Manish Shah, a SEBI registered Investment Advisor.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.