State Trading Corporation Bonus Issue

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. Government holds 91.02% stake in the company.

The board of directors will met to consider a Bonus Issue of the shares. At the current price of Rs 567.55, the scrip trades at a PE multiple of 24.50, based on Q1 June 2007 annualised EPS of Rs 23.08.