STC India Share Price Surged 7.6% on the Nse

The State Trading Corporation of India Limited also known as STC is a leading International trading company of the Government of India engaged mainly in exports, and imports operations. It was commenced in the year 1956 mainly with the intend to undertake trade with East European Countries and to also complement the efforts of private trade as well as industry in developing exports from the country. The Corporation is registered as an independent company under the Companies Act, 1956 and the company functions under the administrative control of the Ministry of Commerce & Industry, Government of India.

Today, STC India share price surged 7.6 per cent on the NSE trading counter at the intraday high of Rs. 124.95. The stock had opened at Rs. 117.65 against its previous close of Rs. 116.10 and went as low as Rs. 115.50.

On November 18, the incumbent chairman and Managing Director of STC India, Khaleel Rahim was suspended. The company had gained from the rising prices of the base metals recently. However, it has posted a loss of Rs. 2.96 crores in the September quarter of the ongoing financial year. Also, the company’s EPS has declined this quarter while it has done well in all the previous quarters.

STC India share price traded at the lifetime high of Rs 872.28 on 19th November 2007 and a 52 week high of Rs 173.70 on 29th December 2015. The 52 week low of the stock is Rs 70.10 traded on 26th February 2016 and the lifetime low is Rs 33.00 made on 25th June 2004.

The market cap of STC India stands at Rs. 696.60 crores as on 1st December 2016. At 2:21 PM STC India share price was trading at Rs. 122.55 up by 5.56%. STC India is also a recommended top 500 stock for the quarter by Dynamic Levels. For the details on the stock, visit STC India share price history page of Dynamic Levels website.