Shares of Shipping Corporation of India fell nearly 5 per cent today after the PSU reported a 72.6 per cent decline in June quarter net profit at Rs 55.9 crore.
The stock slumped 4.92 per cent to end the day at Rs 70.60 on BSE. It tumbled 9.15 per cent during the day.
On NSE, it came down 4.57 per cent to settle at Rs 70.90.
On the volume front, 4.74 lakh shares changed hands on BSE and over 22 lakh on NSE.
The PSU had posted a net profit of Rs 203.8 crore for the quarter ended June 2015.
Total income fell to Rs 875.9 crore for the said quarter, from Rs 1,118.22 crore in the year-ago period, the company said in a BSE filing yesterday.
Shipping Corporation of India was established on October 2, 1961, through amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.
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