President of India-Backed Stock Under Rs 200 Hits Upper Circuit Today; FIIs Bought 36,000 Shares; Must Watch

The company’s shares have delivered an impressive multibagger returns of over 120 per cent in just 1 Year.

State Trading Corporation of India Ltd primarily engages in the import and export of various bulk commodities such as oils, fertilizers, coal, and bullion. Additionally, it facilitates the import of mass-consumption items like wheat, sugar, pulses, and others as required by the Government.

At the start of the day's trading session, the share of State Trading Corporation of India Ltd opened at Rs 155 per share, compared to the previous day's closing figure of Rs 153.05 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 1101.90 crore, and the stock has generated an impressive multibagger return of over 125 per cent in just 1 year. 

As per the Quarterly Results, in the fourth quarter of FY24, State Trading Corporation of India Ltd recorded other Income of Rs 27.33 crore. The operating profit for Q4 FY24 stood at Rs 14.92 crore. The net profit for Q4 FY24 was Rs 14.17 crore. Looking at the annual performance, the company generated other income of Rs 95.99 crore in FY24, compared to Rs 85.23 crore in FY23. The operating profit for FY24 was Rs 48.89 crore, with a net profit of Rs 51.07 crore compared to a profit of Rs 31.79 crore.

Regarding the shareholding pattern, the promoters own 90 per cent of the company and the public or retail investors hold 9.36 per cent. FIIs own 0.06 per cent stake in the company.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.