Shipping Corporation of India rose 3.35% to Rs 74.20 at 13:39 IST on BSE after net profit surged 230.45% to Rs 163.54 crore on 1.13% decline in net sales to Rs 1045.74 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours yesterday, 12 August 2015.
Meanwhile, the BSE Sensex was up 165.57 points, or 0.60%, to 27,677.83.
On BSE, so far 7.02 lakh shares were traded in the counter, compared with an average volume of 2.64 lakh shares in the past one quarter.
The stock hit a high of Rs 77.25 and a low of Rs 72.40 so far during the day. The stock hit a 52-week high of Rs 79.40 on 5 August 2015. The stock hit a 52-week low of Rs 43.85 on 27 March 2015.
The stock had outperformed the market over the past one month till 12 August 2015, rising 35.19% compared with 0.54% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 57.13% as against Sensex's 2.36% rise.
The mid-cap company has an equity capital of Rs 465.80 crore. Face value per share is Rs 10.
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. As at 30 June 2015, the government of India holds 63.75% stake in SCI.
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