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State Trading Corporation counter has been spotted by a section of investors for its growth potential in the coming quarters. The stock moved up more than one per cent on Monday when benchmark and broader mid-cap indices declined. The total traded quantity was over 22,000 shares on the BSE and NSE.

The players tracking the state-run company are understood to be ready to place bets on the new lines of businesses it is taking up. The new opportunities proposed to be explored by the company are diverse, which include mining, real estate, information technology, online trading and even carbon trading.

The Government nod over the proposals, according to market sources, has unleashed a chained animal. "For example, it is well known that company has worthwhile developable real estate assets. The recent permission for import gold is also an example of loosening stranglehold of the Government over the trading giant", said a long-term player. Market expectation was that it would report better topline and bottomline growth in the third quarter too.

Jayanta Mallick

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