SCI's Stock Reaches All-Time High, Outperforms Sector with Consistent Gains

Jul 11 2024 09:20 AM IST
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On July 11, 2024, Shipping Corporation of India (SCI) reached an all-time high with its stock price at Rs 290.6. The midcap company has shown strong performance in the shipping industry, with a 3.84% increase in the last two days. According to MarketsMojo, the current stock call for SCI is 'Hold' and it has consistently outperformed the sector. With a 190.64% increase in the past year, SCI's stock is currently trading higher than its moving averages, indicating a positive trend. Investors may consider holding onto their stocks for now.

Shipping Corporation of India (SCI) has reached an all-time high on July 11, 2024, with its stock price touching Rs 290.6. The midcap company has been performing well in the shipping industry, with its stock gaining 3.84% in the last two days.

According to MarketsMOJO, a leading stock market analysis platform, the current stock call for SCI is 'Hold'. The stock is currently trading at a price that is 3.77% away from its 52-week high. However, it has outperformed the sector by 0.41% today.

SCI's stock has been consistently gaining in the past year, with a 190.64% increase in its performance compared to the Sensex's 22.09% growth. The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

The stock opened at Rs 280.05 and has since maintained this price, showing no significant range in its trading. With its strong performance and consistent gains, SCI is a company to watch out for in the shipping industry. Investors may consider holding onto their stocks for now, as per MarketsMOJO's recommendation.
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