# MSTC shares hit 20% upper circuit on best Q2 since listing 2026-11-13T11:44:18+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Outlets counted: economictimes.indiatimes.com, livemint.com Shares of state-owned MSTC surged 20% to hit the upper circuit at Rs 783.65 on the BSE on Friday, 13 November, after the company reported its strongest second-quarter profit since its listing in March 2019. Consolidated profit after tax rose 57.7% year-on-year to Rs 74.92 crore for the quarter ended September 2026, while revenue from operations grew 29.4% to Rs 110.02 crore. The stock also gained after MSTC received in-principle approval from the Reserve Bank of India on 11 November to operate a Trade Receivables Discounting System (TReDS) platform. During the quarter, the company facilitated e-auctions for Karnataka liquor shop licences, sold an ONGC oil rig, and launched the eighth tranche of critical mineral block auctions. Its e-commerce platform crossed Rs 54,580 crore in transaction value in the first half of FY27. MSTC is examining the feasibility of setting up coal and mineral exchanges and is upgrading its B2B travel portal for B2C operations. The stock is now 2.5% below its 52-week high of Rs 804 and has gained 116% from its March 2026 low. ## Indian Opinion Analysis Both outlets cover identical figures, profit after tax of Rs 74.92 crore, revenue of Rs 110 crore, and report the same key events: the RBI in-principle TReDS approval, the Karnataka liquor licence e-auction, and the ONGC oil rig sale. Economic Times leads with the stock price surge and the RBI approval, then details the quarterly earnings and business updates. Its presentation is that of a corporate earnings round-up, with no partisan framing. LiveMint also leads with the stock movement, structures its piece around Q2 results and business updates, and includes a detailed share-price trend section. It too maintains straight news style. The uniform coverage means no competing narrative to reconcile, both sources treat the story as a market and business development story with standard neutral reporting. ## Coverage Coverage: 2 sources, 2 neutral - economictimes.indiatimes.com (neutral report) Straight corporate earnings round-up with stock price and RBI approval - livemint.com (neutral report) Neutral market report with detailed share-price trend section This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: Hyderabad Metropolitan Development Authority, MSTC, Reserve Bank of India Canonical: https://indianopinion.org/mstc-shares-hit-20-upper-circuit-on-best-q2-since-listing/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/mstc-shares-hit-20-upper-circuit-on-best-q2-since-listing/#story-in-brief Gate decision: pass (pass: linked qualifying outlets 2 of 2, relevance 8) Freshness: pass (fresh: newest qualifying source 2026-11-13 05:17Z (feed), 6.4 h old) Image: AI-generated, labelled on the page. Source: https://www.livemint.com/lm-img/img/2026/11/13/382x214/MSTC_Stock_Soars_1794546945030_Qmex_1794546951917_7pCx_72c1d379-5160-420f-963e-61655b3afc6c_Sm0o.png. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/