Query: Could you please advice regarding STC India? Will the share price appreciate in next 6 months? What will be the trend after the bonus ? am at considerable loss having bought at Rs.1170.? Ashley
Thebullishtrends: STC India share price closed today at Rs.1210. STC is a International House owned by Govt of India it has announced the bonus issue in 1:1 ratio in the October'07. It exports and imports almost all countries in the world. Govt of India is having 91.02% of the stake in STC India.
Share price run up due to the bonus announcement by the company. Even it's second quarter financial results are not good but due to the low floating stock and highly speculation.
Although STC India posted good turnover of Rs.3533.39 crore compared to Rs.2769.96 cr but net profit has come down Rs.10.61 cr from Rs.17.31cr in first quarter due to the higher interest costs at the same time Operating profit margins were also come down.
Though it is having sound background but at Rs.1210 STC India looks expensive.
Thebullishtrends: STC India share price closed today at Rs.1210. STC is a International House owned by Govt of India it has announced the bonus issue in 1:1 ratio in the October'07. It exports and imports almost all countries in the world. Govt of India is having 91.02% of the stake in STC India.
Share price run up due to the bonus announcement by the company. Even it's second quarter financial results are not good but due to the low floating stock and highly speculation.
Although STC India posted good turnover of Rs.3533.39 crore compared to Rs.2769.96 cr but net profit has come down Rs.10.61 cr from Rs.17.31cr in first quarter due to the higher interest costs at the same time Operating profit margins were also come down.
Though it is having sound background but at Rs.1210 STC India looks expensive.
