My technical call 3 days back and now the reason is also found. Read it
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Why MSTC for long term ? Can be next IEX
MSTC- cheapest platform business available with multiple optionalities embedded in it.
-Coal, Oil, Spectrum and Mineral auctions
-Private Sector Auctions-: Have agreements with Reliance, Bharti Airtel, Tata Power and many more.
-E-Rakam-: Farmers to sell directly to customers.
Jaivik Kheti-: Farmers directly selling Organic produce. More than 75000 farmers registeted. Logistic has been road block here though.
- NPA Auctions-:MSTC regularly conducts auctions for PSU as well private players. Huge opportunity here.
- E-Procurement solutions for clients
CERO- JV with Mahindra For Collection and Dismantling centres.3 Centres have already been put up and they intend to add 4 more this year.
Scrappage policy incentives for new vehicles and discentives for old vehicles will be effective from 1st April 2022.
Huge Opportunity here.
-Scrap Auction-:MSTC Platform will be used to auction most of the scrap and scrappage certificates will be given for getting road tax waivers and other incentives. Total scrap to market potencial of 1 lakh crore. Huge Opportunity here.
-E-Retail-: Unique EXIM Portal for OMC's.
E-Retail Software solutions for Government and Private organizatios, particularly MSME.
-Bank NPA Auctions-Collaboration with PSU banks and some Private banks too for auctioning of NPA. MSTC earns 0.5% IN NPA Auctions. Huge opportunity here.
State Auctions-:MSTC conducts multiple auctions for States and union territories like Liquor shop license, molasses sale, Petrol Pump allotment, sand sale, Sale of Forest Produce,etc.
-Recycling -:They are looking for setting up a recyclimg plant in automobile and e-waste.
Future Outlook
MSTC is in the process of discontinuing its Trading business- High receivables and bad debt (Worst Business), selling of its stake in FSNL- Divestment through DIPAM (Average Business) and will be a pure play E-commerce company (Best Business) in the next 6 months.