State Trading Corporation of India (STC) is in the limelight today. The stock is up almost 3% at Rs.158 levels with volumes of 39,000 shares. Govt of India holds 90% stake and only 7.94% is the floating stock.

The market is enthused with this PSU’s Q2FY16 performance. It posted a turnaround – from a net loss of Rs.2 crore in Q2FY15 to a net profit of Rs.1 crore in current Q2. Total income showed a very good 80% jump at Rs.4974 crore.

The company has a debt of Rs.1600 crore and cash is less than Rs.5 crore. Its equity stands at Rs,60 crore and reserves is at Rs.979 crore.