Shipping Corporation of India's (SCI) net profit hiked 72.56 per cent to Rs 55.91 crore for the quarter ended on June 30, 2016, against the same period last year. The PSU had disclosed a net profit of Rs 203.78 crore for the quarter ended June 30, 2015. Total income saw a fall of Rs 875.94 crore for the quarter ended on June 30, 2016, from Rs 1,118.22 crore for the quarter ended June 30, 2015, according to SIC. Shipping Corporation of India was incorporated on October 2, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.
SCI share price dipped sharply by 6% per cent this morning. The stock opened at Rs. 71 against its previous closing seen at Rs. 74.30. The stock touched the day’s high and low at Rs. 71 and Rs. 67.75. The stock is currently trading at Rs. 69.85.
Market Sneak-Peek
SCI share price traded at its 52 week high at Rs. 101.00 on 21st Dec ’15 while the 52 week low is observed at Rs 54.35 on 29thFeb ‘16. The Average Daily Movement of the stock is 3.38 and its average volume for last 20 days is 522192. The stock yields 5.53% monthly returns and has the PE ratio of 9.17. The market cap of the company amounts to Rs. 3460.89 (Cr) and has a book value of Rs. 148.37.For further details on the support and resistance refer to SCI share price forecast.
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