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Wednesday, September 28, 2016

STC India Share Price surges before AGM

State Trading Corporation of India Ltd has brought BSE under the knowledge that the Register of Members & Share Transfer Books of the Company will stay closed from September 22, 2016, to September 29, 2016, including both days. The closure is for the purpose of 60th Annual General Meeting (AGM) of the Company to be held on September 29, 2016. 
Right before the AGM, STC India share price rallied 10% to trade at Rs.131.85. 
The remote e-Voting period starts at 9.00 a.m on September 25, 2016, and ends on 5.00 p.m September 28, 2016. Throughout this time shareholders of the Company, having shares either in physical form or dematerialized form, as on the cut-off date of September 22, 2016, may put their vote electronically. The e-voting module shall be closed by NSDL for voting after that.
Currently, STC India share price is trading at Rs. 128.40 with the surge of over 7%. The stock opened at Rs. 120.75 against its previous close of Rs. 119.85. The stock slumped by 75 paise to trade at the intraday low of Rs. 120.10. So far, over eight lakhs shares have changed hands over the NSE counter against its average volume of 1.88 lakhs for twenty days.
STC India has the turnover of 1.46 crores with the monthly return of 4.26%.  It has the standalone FY 15-16 PE ratio of 40.27 and the standalone trailing PE ratio of 17.53. On the date, the market cap of STC India stands at Rs. 719.10 crores.
STC India share price had traded at its lifetime high of Rs. 872.28 on 19th November 2007 and at its 52-weeks high of Rs. 188.50 on 13th October 2015. The stock has registered its lifetime low of Rs. 33 on 25th June 2004 and 52-weeks low of Rs. 70.10 on 26th February 2016.
STC India is the multibagger stock identified by Dynamic Levels for the month. For the levels of support and resistance of STC India, visit STC India share price forecast page of Dynamic Levels website.

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