SCI sails smoothly after stellar Q4 earnings

Shipping Corporation of India rose 2.09% to Rs 63.60 at 14:46 IST on BSE after net profit jumped 173.86% to Rs 254.47 crore on 0.5% rise in total income to Rs 953.25 crore in Q4 March 2018 over Q4 March 2017.

The announcement was made after market hours yesterday, 23 May 2018.

Meanwhile, the S&P BSE Sensex was up 231.02 points or 0.67% at 34,575.93.

On the BSE, 3.26 lakh shares were traded on the counter so far as against average daily volumes of 1.23 lakh shares in the past two weeks. The stock had hit a high of Rs 65.30 and a low of Rs 62.25 so far during the day. The stock had hit a 52-week high of Rs 113.50 on 2 November 2017 and a 52-week low of Rs 61.40 on 21 May 2018.

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

Shipping Corporation of India in the largest Indian shipping company. The company's owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels. The government of India holds 63.75% stake in the company as per the shareholding pattern as on 31 March 2018.

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