Shipping Corporation of India Land & Assets Faces Mixed Technical Signals Amid Financial Struggles
Shipping Corporation of India Land & Assets has experienced a notable adjustment in its evaluation, reflecting changes in market sentiment. While technical indicators show a shift towards a more positive outlook, the company continues to face significant financial challenges, including a substantial operating loss and concerns regarding debt servicing.
Shipping Corporation of India Land & Assets has recently undergone an adjustment in its evaluation, reflecting notable shifts in its technical indicators. The stock's technical trend has transitioned from a mildly bearish stance to a mildly bullish position, indicating a change in market sentiment. Key technical metrics reveal a mixed landscape. The Moving Average on a daily basis suggests a mildly bearish outlook, while the MACD indicates a mildly bullish trend on a weekly basis. Additionally, the Bollinger Bands are currently positioned in a bullish range, further supporting the recent evaluation adjustment.
Despite these technical improvements, the company has faced challenges in its financial performance. The latest quarterly results show a significant operating loss, with a reported PAT of Rs -224.37 crore, marking a drastic decline compared to previous averages. Furthermore, the company's ability to service its debt remains a concern, as indicated by a negative EBIT to Interest ratio.
Overall, while the technical indicators suggest a shift in sentiment, the underlying financial metrics highlight ongoing challenges for Shipping Corporation of India Land & Assets.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
