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
Seamec's stock rose as much as 13.67 per cent during the day to ₹1,078 per share, the biggest intraday gain since December 29, 2023
Shipping stocks rally today: hipping Corporation of India (SCI) share price soared 19.3 per cent to hit an all-time high of Rs 328.50 per share
Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis
The stock rallied 10% to Rs 86 on BSE in intra-day trade after the company won a contract worth approx $33 million.