Shipping Corporation of India Shows Strong Performance Amid Positive Technical Indicators

Shipping Corporation of India has recently undergone an adjustment in evaluation, reflecting notable shifts in its technical indicators. The stock's technical trend has transitioned to a bullish stance, supported by various metrics. The Moving Averages indicate a bullish outlook on a daily basis, while both the MACD and Bollinger Bands show bullish signals on weekly and monthly charts.
In terms of performance, Shipping Corporation of India has demonstrated strong returns compared to the broader market. Over the past year, the stock has achieved a return of 16.78%, significantly outpacing the Sensex, which returned 5.59% in the same period. Additionally, the company has shown resilience with a year-to-date return of 19.71%, further highlighting its competitive position within the transport services industry.

Financially, the company has reported positive results for Q1 FY25-26, marking a recovery after two consecutive quarters of negative performance. Key metrics such as a low Debt to EBITDA ratio of 1.35 times and a robust operating profit to interest ratio of 16.02 times underscore its strong ability to service debt. With a market capitalization of Rs 11,654 crore, Shipping Corporation of India stands as a significant player in its sector, constituting 33.76% of the industry.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.