/ State Trading Corp Rises 10% After Multiple Block Deals ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 28 December 2016

Stocks of State Trading Corp rose 10% to hit their upper circuit at Rs 208.30 after multiple block deals on the NSE. Three block deals were reported on the NSE's block deal window which saw a total of 191,072 shares change hands at Rs 203 and Rs 208.3 a piece.

The company stated in a BSE filing that the company does not have any information/announcement (including pending announcement) which could have affected the price of the scrip. State Trading Corporation of India Ltd is currently trading at Rs 208.2, up by Rs 18.9 or 9.98% from its previous closing of Rs 189.3 on the BSE.

The scrip opened at Rs 199.5 and has touched a high and low of Rs 208.2 and Rs 199.5 respectively. So far 3050178(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1135.8 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 189.3 on 27-Dec-2016 and a 52 week low of Rs 71.2 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 189.3 and Rs 115.2 respectively. The promoters holding in the company stood at 90 % while Institutions and Non-Institutions held 1.93 % and 8.07 % respectively. The stock is currently trading above its 50 DMA.
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