Till 12:22 PM; as many as 28.16 million equity shares representing 6 per cent of total equity of Shipping Corporation (SCI) changed hands on the NSE (25.95 million) and BSE (2.21 million).
At 10:35 AM, among others, shares of Cochin Spiyard were trading 2.39 per cent higher, Mazagon Dock Shipbuilders 1.25 per cent, Garden Reach Shipbuilders & Engineers (GRSE) up 4.77 per cent
The Baltic Dry Index now quotes at a 8-month high. Technical charts hint at a potential 36 per cent upside for select shipping stocks like SCI, Dredging and Seamec. Details here
Share price of Shipping Corporation of India has rallied 12% to ₹230.50, while Great Eastern Shipping surged 7.5% to ₹1,047.25 in intra-day trade, as compared to nearly 1% decline in BSE Sensex.
Shares of Shipping Corporation of India (SCI) stock price of the company came into focus after the central government listed three new shipping bills for the winter session of the parliament
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
Bayer Corp, Ashiana Housing, India Grid Trust, KCP Sugar and SCI among 9 stocks to log over 10-fold jump in daily trading volumes on the BSE on Thursday.
The surge in stock price came after Shipping Corporation of India said that it has been granted in-principle approval to form a wholly-owned subsidiary at GIFT City
Among shipping stocks - SCI, GE Shipping and Dredging have logged multi-fold returns over the last few years; here's what the chart suggests for the likely trend going ahead.