Shipping Corporation of India advanced 5.41% to Rs 55.50 at 15:08 IST on BSE after the company reported net profit of Rs 31.35 crore in Q3 December 2014 as compared with net loss of Rs 65.67 crore in Q3 December 2013.
The result was announced during market hours today, 12 February 2015.
Meanwhile, the S&P BSE Sensex was up 164.75 points or 0.58% at 28,698.72
On BSE, so far 7.68 lakh shares were traded in the counter as against average daily volume of 2.59 lakh shares in the past one quarter.
The stock hit a high of Rs 57.80 and a low of Rs 52.65 so far during the day. The stock had hit a 52-week high of Rs 73.25 on 11 June 2014. The stock had hit a 52-week low of Rs 35 on 21 February 2014.
The stock had underperformed the market over the past one month till 11 February 2015, falling 8.91% compared with 3.92% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 17.02% as against Sensex's 2.24% rise.
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The small-cap shipping firm has an equity capital of Rs 465.80 crore. Face value per share is Rs 10.
Shipping Corporation of India's total income fell 2.92% to Rs 1126.13 crore in Q3 December 2014 over Q3 December 2013.
The Government of India holds 63.75% stake in the firm as at 31 December 2014.
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