The State Trading Corporation of India Limited also known as STC India is a leading International trading company of the Government of India engaged mainly in export and import operations. It commenced in the year 1956 mainly with the intention 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 nation.
The firm is registered as an independent company under the Companies Act, 1956 and the firm functions under the administrative control of the Ministry of Commerce & Industry, Government of India.
Today, STC India share price surged 6 per cent intraday on the NSE trading counter trading at an intraday high of Rs 127. The stock had opened at Rs. 116.40 as against its previous close of Rs. 115.80 and went as low as Rs. 116.40 as of 12:11 pm.
Meanwhile, the incumbent chairman and Managing Director (MD) of STC India, Khaleel Rahim was suspended. The firm had gained from the rising prices of the base metals recently. However, it has reported a loss of Rs. 2.96 cr in the September quarter (Q2) of the ongoing financial year. Also, the firm’s EPS has fallen in this quarter while it had done well in all the previous quarters.
STC India share price traded at a life time 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 694.80 cr as on 1st December 2016. STC India is also a recommended top 500 stock for the quarter by Dynamic Levels Research Analysts. For further details on the stock, please visit STC India share price history page of the Dynamic Levels website.
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