Shipping Corporation of India (SCI) has gained in early trades on plans of purchasing new container ships.
The stock has gained 2.8% to Rs 149 after touching a high of Rs 250. The stock is now just 4% away from its 52 week high of Rs 155. It has, however, surged over 100% from its 52 week low of Rs 70. Over 56,510 shares have been traded on the counter so far.
SCI has planned to buy three container ships for $225 million. At present, Shipping Corporation has a total fleet strength of 76, which includes 5 container vessels.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app