State Trading Corporation

jnj333 · #11 19th November 2007, 02:42 PM

Quote:

Originally Posted by naveendugar

HI jnj,

what should be the reason for STC INDIA downseal then??? any news of CAUGHT BY SEBI IN INSIDER TRADING....do you still think the stock will stick to your target of 5 figures inspite of this now...

please advise immediately

Circuit Stocks move like that only. It cannot go in one direction only,As it has run very hard from 300 levels, there is bound to be corrections in between as weak hands book profit. I feel this SEBI news is very deliberate so that some biggies may enter as the volumes for the last few days was very poor. Again I remind that this is a high risk , high return stock. And as the floating stock is not much if any operator enters at these levels he can easily take it in any direction so my suggestion would be if one decides to buy now , it should be done with small quantities as no one can predict till where this downslide can go.For targets as it shares similar business model like MMTC (which is correcting nowadays) STC marketcap can be compared with MMTC and its potential can be judged accordingly.

My view, Kindly take your own call.

Regards
jnj

birjubanarasi · #12 21st November 2007, 10:43 AM

STC in LC again today!

hiteshsjoshi · #13 28th November 2007, 07:20 PM

No updates since long here.
Today STC moved back into UC!

viraj07 · #14 28th November 2007, 07:43 PM

STC seems pure Operator's Play.

lalpar · #15 29th November 2007, 02:39 PM

Quote:

Originally Posted by viraj07

STC seems pure Operator's Play.

Hi JNJ AND OTHERS.

STC will surely be a multibagger and just its a matter of patience before it starts its usual trend.Remember that it is going the same way as JAICORP.

1)Promoters Holding is maximum say 90%
2)Bonus Announcement

Secondly the trading and commodities business is as fascinating as the SEZ.
Since they are into commodities trading in several staes the stock will surely zoom.

Thirdly as Govn has major stake in company u can be rest assured that there wont be any legal complications for clearance of trading business in states

ALL IN ALL IT WILL SURELY MOVE LIKE JAICORP!!!!!

ST it may come down to 800 levels......Accumalate is the word for this....

Regards

Lalith Parmar

lalpar · #16 19th December 2007, 01:11 PM

Hi JNJ,

There has been no update from you on STC.Anyways I feel the stock has only abt 105 downside left.I am accumulating this at evry level.

Any shares that is in rumour of issuing bonus will fall before announvxe ment of record date.So that people become impatient and sell.The stock will start hitting UC soon and nobody will get a chance to buy.

jnj333 · #17 19th December 2007, 01:20 PM

Quote:

Originally Posted by lalpar

Hi JNJ,

There has been no update from you on STC.Anyways I feel the stock has only abt 105 downside left.I am accumulating this at evry level.

Any shares that is in rumour of issuing bonus will fall before announvxe ment of record date.So that people become impatient and sell.The stock will start hitting UC soon and nobody will get a chance to buy.

Hold or accumulate. May start running soon.

baskar09 · #18 19th December 2007, 02:20 PM

how long should i wait

lalpar · #19 27th December 2007, 02:51 PM

Well STC is back at TOP...3 continues UC's something is cooking..''

By the way there is an article in economic times commodities section which says govt may cancel wheat tender.
NEW DELHI: The government is still to take a decision on importing more than three lakh tons of wheat on account of high price quoted by global trading firms, an official source said today.

"We are yet to decide on the STC wheat import tender," the source said.

The decision on cancelling or importing the grain may be taken tomorrow, the source added.

STC had floated the tender on December 10 and bids were valid till December 22.

State Trading Corporation had on December 17 received offers from three multinational firms for importing wheat at a maximum price of 579.6 dollars a ton, a jump of almost 45 per cent over the price decided by two other government agencies for buying the grain barely weeks ago.

Swiss firm Glencore, US trading company Cargill and Germany's Toepfer submitted bids in a range of 459.9 dollars to a record of 579.6 dollars per ton for supply of about 3.15 lakh tons, trade sources had said.

An official of a Mumbai-based multinational agri-trading company said it was unlikely that STC will import the wheat at such a high price.

The Commerce Ministry had earlier this month allowed PEC Ltd to import 1.5 lakh tons of wheat at USD 396.9 per ton. Earlier, on November 23, MMTC Ltd decided to buy 3.425 lakh tons at an average price of USD 400.19 a ton.

Australia-based JK International would supply wheat to PEC, while Cargill and Glencore would supply to MMTC.

The government has decided to import 23 lakh tons of the grain during 2007-08. Before this STC contract, orders had already been placed for import of 17.985 lakh tons by STC, MMTC and PEC. Out of these, STC has already imported 13.06 lakh tons.

May be bonus record date announcement is expected....

satishjk · #20 27th December 2007, 02:58 PM

STC and MMTC looks to be in the same operators hand. You can check that whenever MMTC hits UC STC follows. Be careful these operators have already milked alot with MMTC and they have done half with STC when it slided all the way from 1700 to 870. Eventhough STC is a great company they had a very bad last quarter and just floating a tender does not warrant an increase in the price. Operators can take it either way.