STC gains after turnaround Q2 result

State Trading Corporation of India rose 2.74% to Rs 157.50 at 12:17 IST on BSE after the company reported net profit of Rs 1.02 crore in Q2 September 2015 as compared to net loss of Rs 2.33 crore in Q2 September 2014.

The result was announced after market hours yesterday, 9 November 2015.

Meanwhile, the S&P BSE Sensex was down 169.63 points, or 0.65%, to 25,951.77

On BSE, so far 31,625 shares were traded in the counter as against an average daily volume of 36,067 shares in the past one quarter.

The stock hit a high of Rs 159.80 and a low of Rs 156 so far during the day. The stock had hit a 52-week low of Rs 131.50 on 16 June 2015. The stock had hit a 52-week high of Rs 220.40 on 5 August 2015.

The stock had underperformed the market over the past one month till 9 November 2015, falling 5.66% compared with 3.54% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 25.62% as against Sensex's 7.49% decline.

The small-cap company has an equity capital of Rs 60 crore. Face value per share is Rs 10.

State Trading Corporation of India (STC)'s total income surged 79.6% to Rs 4973.75 crore in Q2 September 2015 over Q2 September 2014.

STC is a premier international trading company.

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