STC India share price shot up by 11.8 per cent on NSE after its unaudited Q1 results were announced. STC India reported a sharp increase in net profit in June ended quarter to Rs 22.02 crore as compared to a loss of Rs.1.13 crore in year-ago period. The total income from operations stood at Rs.2238.54 cr in the quarter ended June 2016 as against Rs.2103.40 cr in corresponding period of last year.Meanwhile, STC India share price was trading 9.82 per cent higher at Rs.113 on NSE. It opened at Rs.104.50 from a previous closing of Rs.102.90. As of 12:06 pm, the day’s high stood at Rs.116.25 while the day’s low was recorded at Rs.104.50. Also, the volume traded on the NSE counter stood at 8,10,473 shares.
The total expenditure stood at Rs. 2212.73 in June ended quarter 2016 as compared to Rs. 2079.55 in the same quarter of the last fiscal.
STC India ranks among the top 500 Shares out of the 1700 shares listed on NSE, which have been identified by Dynamic research analysts. The stock was recognised to be in the top 500 group at the end of the June quarter, 2016. STC India has strong fundamentals and financials. The scrip has not incurred any loss in the last 2 quarters and has a debt equity which is less than 2.To know about the resistance and support levels and financials of the stock, kindly pay a visit to STC India share price history.
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