State Trading Corporation Of India STC India

In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent

Shares of STC India, ITDC, and KIOCL from the S&P BSE CPSE index were locked at 20 per cent upper circuit, hitting multi-year highs

Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE.

The measures, which are under consideration, include provision of adequate time for STC to repay bank loans and sale of immovable assets

The stock locked in upper circuit of 10% at Rs 230, its highest level since June 10, 2014 on the BSE.