SCI jumps 19% to 2-mth high as Q3 net profit surges; buy or book profit?
The scrip increased as much as 18.9 per cent to the day's high of ₹264, the highest level since November 18, 2025
 "SCI jumps 19% to 2-mth high as Q3 net profit surges; buy or book profit?")
Shipping Corporation of India (SCI) share price today
Shipping Corporation of India (SCI) share price skyrocketed 19 per cent to over a two-month high on Monday after its net profit increased five times in the third quarter of the current financial year (Q3FY26). The scrip gained as much as 18.9 per cent to the day's high of ₹264, the highest level since November 18, 2025.
As of 1:50 PM, shares of Shipping Corporation of India were trading 18.04 per cent higher at ₹262 per share, as against a 0.6 per cent advance in the Nifty 50 index. The counter has seen a trade of 58.6 million shares so far on Monday.
In the last 12 months, the stock increased 36.7 per cent, as compared to a 9.7 per cent advance in the Nifty 50 index. FOLLOW STOCK MARKET UPDATES TODAY LIVE
Why did Shipping Corporation of India (SCI) share price rise today?
Shipping Corporation of India share price surged on Monday after the company reported a 433 per cent Y-o-Y jump in the third quarter of the current financial year (Q3FY26). The net profit was at ₹405 crore versus ₹76 crore in the same quarter a year ago.
Revenue of Shipping Corporation of India rose 22.5 per cent on year to ₹1,611.7 crore in the December quarter (Q3FY26) from ₹1,315.6 crore.
Dividend Declaration
Shipping Corporation of India's board approved a second interim dividend of ₹3.5 per equity share with a face value of ₹10 for the present financial year.
The company has set February 17 as the record date to determine the eligibility of shareholders. The interim dividend will be paid within 30 days from the date of declaration. ALSO READ | Tata, JSW, Jindal Steel at new high; rally up to 18% in 1 month; here's why
Technical view: risk-reward no longer favourable for fresh position
At the current juncture, Shipping Corporation of India has witnessed a sharp rally, surging 19 per cent intraday, indicating short-term overextension. While the momentum remains strong, risk-reward at higher levels is no longer favourable for fresh long positions, said Jigar S. Patel, senior manager, equity technical research at Anand Rathi Share and Stock Brokers.
Technically, ₹244 now acts as immediate support, whereas ₹262 stands as near-term resistance. A sustained move above ₹262 could open further upside; however, failure to hold above ₹244 may invite profit booking, he said.
Anand Rathi Share and Stock Brokers advises traders to book partial profits at current levels and avoid initiating fresh longs at elevated prices. Fresh buying can be considered only on dips towards the ₹245 zone, where risk-reward becomes more attractive, he added.
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