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Wednesday, July 15, 2009

State Trading Corporation of India Ltd:-Will you buy/sell or hold?

Scripscan:State Trading Corporation of India Ltd

Story:State Trading Corporation of India is a premier international trading house owned by the Government of India. The company trades with almost all the countries of the world.Over the years it has continued to achieve significant growth in all the three segments of trade, namely, export, import and domestic trading thereby scaling yet higher peaks of performance in terms of turnover and profitability.Now these is one of the best company to trade during good times.Its a psu where over 90% to be precise 91% stake is held by the govt of India.The company is having huge amount of reserves,over 7 times more than its equity cap which makes it a prominent bonus candidate.Thers always a buzz about the govt looking to divest some stake in the company.If that materlizes, Stc may get a value of over 1500rs per share considering its experience in trading,presence,land banks,investments and fat reserves.These is the same company which last year atracted buyers even at price of over 1500rs.With signs of market improvement stc may just be the one to be back in the reckoning for traders.It would be prudent to note that its not a play on fundamentals or valuations but a bet on inherent and intrinsic value.The counter at 300 bucks looks promising and I feel some short term strong nothrward movements can be seen over the coming days.People having a fetish at high beta scrips may satiate their desires by parking some amount in these counter.In a nutshell, State Trading Corporation of India Ltd merits an investment at dips and at lower levels.Who knows may be you would be able to make a pot of money over the longer run.Go for it boys,A solid buy.

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