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STC India hits two-year high; stock zooms 97% in two weeks

The stock up 10% at Rs 230, its highest level since June 10, 2014 on the BSE.

STC India hits two-year high; stock zooms 97% in two weeks
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SI Reporter Mumbai
State Trading Corporation of India (STC India) has locked in upper circuit of 10% at Rs 230, also its two-year high on the BSE in an otherwise weak market. The stock of state-owned company is trading at its highest level since June 10, 2014.

Till 12:22 pm; a combined 1.94 million shares have changed hands on the counter and there were pending buy orders for 719,141 shares on the BSE and NSE.

In past two-weeks, the stock has zoomed 97% from Rs 117 on December 19, as compared to a marginal 0.41% rise in the S&P BSE Sensex.