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Shipping Corporation of India gains on plan to hike freight rates from September 12

27 Aug 2014 Evaluate

Shipping Corporation of India (SCI) is currently trading at Rs. 60.20, up by 0.50 points or 0.84% from its previous closing of Rs. 59.70 on the BSE.

The scrip opened at Rs. 60.20 and has touched a high and low of Rs. 60.50 and Rs. 60.10 respectively. So far 46431 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.25 on 11-Jun-2014 and a 52 week low of Rs. 30.05 on 03-Sep-2013.

Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 57.85 respectively. The current market cap of the company is Rs. 2801.78 crore.

The promoters holding in the company stood at 63.75% while Institutions and Non-Institutions held 20.44% and 15.81% respectively.

Shipping Corporation of India (SCI) will be hiking rates on ISE and IPAK service and (Indian Subcontinent to Europe) with effect from September 12, 2014. The company has taken this step in order to meet increasing operational costs and maintain high level of reliability and proficiency to the customers.

The Freight rate increase will now be $250/TEU and $500/FEU. It will also be applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea trade route.

SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.

 

Shipping Corpn. Share Price

305.85 16.65 (5.76%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

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