Shipping Corporation of India jumped 15.78% to Rs 63.85 at 14:41 IST on BSE after the company reported net profit of Rs 13.24 crore in Q4 March 2014 as compared to net loss of Rs 281.44 crore in Q4 March 2013.
The result was announced after market hours on Tuesday, 27 May 2014.
Meanwhile, the S&P BSE Sensex was down 17.38 points or 0.07% at 24,532.13
On BSE, so far 18.96 lakh shares changed hands in the counter as against average daily volume of 2.98 lakh shares in the past one quarter.
The stock hit a 52-week high of Rs 64.65 in intraday trade today, 28 May 2014. The stock hit a low of Rs 59.05 so far during the day. The stock had hit a 52-week low of Rs 26.25 on 6 August 2013.
The stock had outperformed the market over the past one month till 27 May 2014, rising 29.46% compared with 8.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 56.68% as against Sensex's 16.97% rise.
The small-cap shipping firm has equity capital of Rs 465.80 crore. Face value per share is Rs 10.
Shipping Corporation of India (SCI)'s net sales rose 25.3% to Rs 1203.95 crore in Q4 March 2014 over Q4 March 2013.
SCI's reported net loss of Rs 274.66 crore in the year ended 31 March 2014, higher than net loss of Rs 114.31 crore in the year ended 31 March 2013. Net sales rose 0.03% to Rs 4155.17 crore in the year ended 31 March 2014 over the year ended 31 March 2013.
SCI is present in most segments of shipping, including the container, bulk carrier, tanker and the offshore segment. The Government of India (GoI) holds 63.75% stake in SCI (as per the shareholding pattern as on 31 March 2014).
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