Shipping Corporation of India rose 3.30% to Rs 81.40 at 15:17 IST on BSE after net profit surged 767.19% to Rs 161.21 crore on 1.02% decline in total income to Rs 1138.57 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during trading hours today, 13 November 2015.
Meanwhile, the BSE Sensex was down 247.16 points, or 0.96%, to 25,619.79.
On BSE, so far 7.87 lakh shares were traded in the counter, compared with an average volume of 3.41 lakh shares in the past one quarter.
The stock hit a high of Rs 83.90 and a low of Rs 77.65 so far during the day. The stock hit a 52-week high of Rs 87.80 on 14 October 2015. The stock hit a 52-week low of Rs 43.85 on 27 March 2015.
The stock had outperformed the market over the past one month till 11 November 2015, rising 1.29% compared with 4.48% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.58% as against Sensex's 7.17% decline.
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The mid-cap company has an equity capital of Rs 465.80 crore. Face value per share is Rs 10.
Shipping Corporation of India (SCI) owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades. As at 30 June 2015, the government of India holds 63.75% stake in SCI.
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