h report, Nirmal Bang, an equity research firm said that Shipping Corporation of India can give good returns in 4-5 trading sessions.The report further stated that, if the counter is successful to breach 137, then it will create a huge breakout.
Nirmal Bang Research has advised its investors to hold the stock to achieve a target price between Rs 150 – Rs 164.
Besides, the report has also suggested a support level of Rs 124 for the scrip.
Today (July 6), the shares of the company opened at Rs 134.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 22.09 and 5.69 respectively. The share price has seen a 52-week high of Rs 153.60 and a low of Rs 34.88 on BSE.
On June 26, Shipping Corporation of India announced that it has taken physical delivery of its very large crude carrier (VLCC) vessel - `m.t. desh vishal`of 321,137 DWT capacities.
For 2008-09, Shipping Corporation of India has announced a dividend of Rs 6.50 per share of Rs 10 each on equity capital enlarged by the allocation of bonus shares in the ratio of 1:2. SCI paid a dividend of Rs. 8.50 a share on old capital during 2007-08. The company has registered a growth of 15.6% in its net profit for 2008-09.
As the worldwide shipping business confronting rough weather, Shipping Corporation of India (SCI) has postponed its plan to buy four very large crude carriers (VLCCs) valued at $320 million.
During October last year, SCI floated tenders for acquirement of four VLCCs, and more than nine shipyards had showed interest, said a senior executive from SCI.
For further details visit as : www.topnews.in/buy-call-shipping-corp-stoploss-rs-124-nirmal-bang-2186258
Nirmal Bang Research has advised its investors to hold the stock to achieve a target price between Rs 150 – Rs 164.
Besides, the report has also suggested a support level of Rs 124 for the scrip.
Today (July 6), the shares of the company opened at Rs 134.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 22.09 and 5.69 respectively. The share price has seen a 52-week high of Rs 153.60 and a low of Rs 34.88 on BSE.
On June 26, Shipping Corporation of India announced that it has taken physical delivery of its very large crude carrier (VLCC) vessel - `m.t. desh vishal`of 321,137 DWT capacities.
For 2008-09, Shipping Corporation of India has announced a dividend of Rs 6.50 per share of Rs 10 each on equity capital enlarged by the allocation of bonus shares in the ratio of 1:2. SCI paid a dividend of Rs. 8.50 a share on old capital during 2007-08. The company has registered a growth of 15.6% in its net profit for 2008-09.
As the worldwide shipping business confronting rough weather, Shipping Corporation of India (SCI) has postponed its plan to buy four very large crude carriers (VLCCs) valued at $320 million.
During October last year, SCI floated tenders for acquirement of four VLCCs, and more than nine shipyards had showed interest, said a senior executive from SCI.
For further details visit as : www.topnews.in/buy-call-shipping-corp-stoploss-rs-124-nirmal-bang-2186258
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