Shipping Corporation of India is currently trading at Rs. 53.65, down by 0.10 points or 0.19 % from its previous closing of Rs. 53.75 on the BSE.
The scrip opened at Rs. 54.30 and has touched a high and low of Rs. 54.30 and Rs. 53.50 respectively. So far 32428 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.70 on 17-Feb-2012 and a 52 week low of Rs. 46.60 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 56.70 and Rs. 53.60 respectively. The current market cap of the company is Rs. 2499.01 crore.
The promoters holding in the company stood at 63.75% while Institutions and Non-Institutions held 21.37% and 14.88% respectively.
Shipping Corporation of India (SCI) is planning to go slow on its vessel acquisition plan due to its stressed cash flow. According to the company, it should have been an ideal time for acquisition as the asset prices have come down sharply, but it is not able to take advantage of the situation as economic slowdown has stressed its cash flow severely.
The company has reported a loss of Rs 428.21 crore, its first in 28 years, against a profit of Rs 567.35 crore in 2010-11. The 2012-13 margin entity expects 10% dip from the last financial year and more than 50% from SCI’s historic peak margin.
| 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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