Shipping Corporation of India lost 6.42% to Rs 59 at 10:15 IST on BSE after the company reported net loss of Rs 20 crore in Q2 September 2016, as against net profit of Rs 161.83 crore in Q2 September 2015.
Total income fell 29.58% to Rs 805.77 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 16 November 2016.Meanwhile, the BSE Sensex was down 11.77 points, or 0.04%, to 26,286.92
On BSE, so far 99,000 shares were traded in the counter, compared with average daily volume of 1.62 lakh shares in the past one quarter. The stock hit a high of Rs 61 and a low of Rs 58.50 so far during the day. The stock hit a 52-week high of Rs 100.90 on 21 December 2015. The stock hit a 52-week low of Rs 54.50 on 29 February 2016.
The small-cap company has equity capital of Rs 465.80 crore. Face value per share is Rs 10.
The result was announced after market hours yesterday, 16 November 2016.
Shipping Corporation of India (SCI) owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades. Government of India currently holds 63.75% stake in SCI (as on 30 September 2016).
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