Shipping Corporation surges on reporting decent Q1 numbers
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Shipping Corporation of India – Tips |
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Shipping Corporation of India – Price Details |
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Shipping Corporation of India – Technical Analysis |
Shipping Corporation of India is currently trading at Rs 163.65, up by 2.55 points or 1.58% from its previous closing of Rs 161.10 on the BSE.
The scrip opened at Rs 162.40 and has touched a high and low of Rs 165.40 and Rs 160.40 respectively. So far 2,56,493 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high of Rs 181.90 on 19-Jan-2010 and a 52 week low of Rs 121.55 on 12-Aug-2009.
Last one week high and low of the scrip stood at Rs 165.40 and Rs 155.25 respectively. The current market cap of the company is Rs 6,864.18 crore.
The promoters holding in the company stood at 80.12% while Institutions and Non-Institutions held 15.50% and 4.38% respectively.
Other peer group companies were Great Eastern Shipping up by 1.21%, Essar Ship Ports up by 3.07% and Varun Shipping up by 1%.
Shipping Corporation of India has reported results for the quarter ended June 30, 2010.
The company???s net profit has surged by 59.68% to Rs 191.49 crore for the quarter ended June 30, 2010 as compared to Rs 119.92 crore for the quarter ended June 30, 2009. Its total income for the quarter under review has marginally up by 0.72% to Rs 1,007.72 crore as against Rs 1,000.50 crore for the previous year???s corresponding quarter.
SCI is the only Indian shipping company operating break-bulk service, international container service, liquid/dry bulk service, offshore service, passenger service, in addition to manning/managing a large number of vessels on behalf of various government departments and organizations.
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