Shipping Corporation of India fell 1.92% to Rs 51.10 at 15:05 IST on BSE on profit booking after the stock jumped 12.89% in the preceding seven trading sessions to Rs 52.10 on 13 April 2015, from a recent low of Rs 46.15 on 31 March 2015.
Meanwhile, the BSE Sensex was down 103.63 points, or 0.36%, to 28,940.81.
On BSE, so far 1.27 lakh shares were traded in the counter, compared with an average volume of 2.12 lakh shares in the past one quarter.
The stock hit a high of Rs 52.60 and a low of Rs 50.35 so far during the day. The stock hit a 52-week high of Rs 73.25 on 11 June 2014. The stock hit a 52-week low of Rs 38.85 on 8 May 2014.
The stock had outperformed the market over the past one month till 13 April 2015, rising 3.17% compared with 1.90% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.32% as against Sensex's 5.90% rise.
The small-cap company has an equity capital of Rs 465.80 crore. Face value per share is Rs 10.
Shipping Corporation of India 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. 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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