Shipping Corporation of India rose 2.75% to Rs 63.55 at 15:25 IST on BSE after the company reported net profit of Rs 18.59 crore in Q2 September 2014 compared with net loss of Rs 123.53 crore in Q2 September 2013.
The result was announced after market hours yesterday, 13 November 2014.
Meanwhile, the S&P BSE Sensex was up 118.08 points or 0.42% at 28,058.72.
On BSE, so far 3.46 lakh shares were traded in the counter as against average daily volume of 2.81 lakh shares in the past one quarter.
The stock hit a high of Rs 64.60 and a low of Rs 62.70 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 34.20 on 18 November 2013.
The stock had outperformed the market over the past one month till 13 November 2014, rising 8.7% compared with the Sensex's 5.9% rise. The scrip had also outperformed the market in past one quarter, rising 12.76% as against Sensex's 7.8% rise.
The mid-cap shipping firm has an equity capital of Rs 465.80 crore. Face value per share is Rs 10.
Shipping Corporation of India's total income rose 9.91% to Rs 1194.04 crore in Q2 September 2014 over Q2 September 2013.
The Government of India holds 63.75% stake in the firm as at 30 September 2014.
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