SCI Stock Continues Downward Trend, Underperforms Sector and Market

Nov 13 2024 02:50 PM IST
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The stock performance of Shipping Corporation of India (SCI) has been declining, with a loss of -5.52% on November 13, 2024. MarketsMojo has given a 'Hold' call, indicating a neutral stance on its future prospects. The stock has also underperformed the sector and is trading below its moving averages, reflecting a bearish trend. In comparison to the overall market, SCI's stock has also shown weaker performance. Investors should closely monitor the company's performance in the coming days.


Shipping Corporation of India (SCI) has been facing a downward trend in its stock performance, with a loss of -5.52% on November 13, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on its future prospects.

In terms of price performance, SCI has underperformed the sector by -2% on the same day. This is a continuation of its recent trend, as the stock has been on a downward trajectory for the past two days, with a fall of -7.08% in this period. The stock also touched an intraday low of Rs 210.1, representing a decline of -6.04%.

SCI's moving averages also reflect a negative sentiment, as the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock's performance.

In the shipping industry, SCI's performance has also been on a decline, with the sector falling by -3.52%. This further adds to the negative sentiment surrounding the company's stock.

Compared to the overall market performance, SCI's stock has underperformed the Sensex by -1.22% on the same day and -4.51% in the past month. This indicates a weaker performance by the company compared to the broader market.

Overall, SCI's stock performance has been on a downward trend, with a negative outlook from MarketsMOJO. Investors may want to closely monitor the company's performance in the coming days to make informed decisions.
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