Investment Call

BUY STC CMP - Rs.168 TGT RS.750

Share Holding Pattern
Promoters 27306800 91.02
Other Investors 485136 1.62
Institutional Investors 833172 2.78
General Public 1374892 4.58

This is my 1st post so i am trying
How it works out ????

Could u plz elaborate on the time frame u think will it take to reach the target and the reason for this exceptional growth.

Hi bse_nse

Re.: STC

I fully endorse your views on STC. It is a value buy in the public sector.

STC also owns huge property and I believe, the book value is also good.

In case you are able to lay your hands on an Annual Report, one should try to find out, if they have any subsidiaries, etc.

750/- might be attained, probably in 2- 3 years time frame, provided disinvestment takes place.

If my memory does not fail me, I think the Videocon group was interested in acquiring a stake in this Company, when STC was put on the block.

Good pick, my friend. These type of shares act as shock absorbers in a volatile market. They might not rise very fast, but at least one's losses are minimised.

Regards

Kamalesh

Thanks Kamlesh for the insight.

Ragards,
Raju

Hi All,

Excerpts on subsidaries from the annual report of 03-04:

SUBSIDIARIES

SPICES TRADING CORPORATION LIMITED (STCL)

At present, the Corporation has only one subsidiary company, namely, STCL, which has its Head Office in Bangalore. STCL undertakes export, import and domestic trading in spices. The total turnover of STCL grew by 41% from Rs.223 crore in 2002-03 to Rs.315 crore in 2003-04. Exports went up by 64% over the previous year.

STCL achieved a PBT of Rs.3.71 crore and has paid a dividend of 30% to STC.

TEA TRADING CORPORATION OF INDIA LTD (TTCI)

Pursuant to the Govt. decision, the entire shareholding of STC in TTCI has been transferred to Projects & Equipment Corporation (PEC), another public sector undertaking under the Ministry of Commerce, at a notional price of Rs.1- w.e.f. 28.04.2003.

Regards,
Ashish.

ECE Ltd.

Hi Dear Friends ,..

If u can see this stock in BSE only ,..
bse code - 532491

Something is definately cookin in this stock ,..

Just BUY this stock ,...

n enjoy upper freezez....

Have fun ,....


Share Holding Pattern as on '30/06/2005'
Major Holder Number Of share Percentage
Promoters 1359378 30.98
Institutional Investors 1432389 32.64
Other Investors 436315 9.94
General Public 1160073 26.44