SCI gains after reporting strong Q4 results

Shipping Corporation of India rose 1.41% to Rs 57.50 at 13:45 IST on BSE after net profit jumped 666.54% to Rs 101.49 crore on 15.06% decline in total income to Rs 1111.20 crore in Q4 March 2015 over Q4 March 2014.

The company announced results during market hours today, 21 May 2015.

Meanwhile, the S&P BSE Sensex was up 21.23 points or 0.08% at 27,858.44.

On BSE, so far 13.28 lakh shares were traded in the counter as against average daily volume of 1.55 lakh shares in the past one quarter.

The stock hit a high of Rs 59.65 and a low of Rs 55.60 so far during the day. The stock had hit a 52-week high of Rs 73.25 on 11 June 2014. The stock had hit a 52-week low of Rs 43.85 on 27 March 2015.

The stock had outperformed the market over the past one month till 20 May 2015, gaining 16.07% compared with Sensex's 0.18% fall. The scrip had also outperformed the market in past one quarter, sliding 2.24% as against Sensex's 4.77% fall.

The mid-cap shipping firm has equity capital of Rs 465.80 crore. Face value per share is Rs 10.

As at 31 March 2015, the government of India holds 63.75% stake in Shipping Corporation of India.

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