Shipping Corporation of India Hits 52-Week Low Amid Ongoing Downward Trend

Feb 17 2025 09:40 AM IST
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Shipping Corporation of India has reached a new 52-week low, continuing a downward trend with a 21.15% decline over the past week. The stock has decreased by 32.23% in the past year, underperforming against the Sensex, and is trading below key moving averages, indicating ongoing market challenges.
Shipping Corporation of India has experienced significant activity today, reaching a new 52-week low of Rs. 149.6. This decline marks a continuation of a downward trend, with the stock losing value for the past seven consecutive days, resulting in a total drop of 21.15% during this period.

In terms of performance metrics, the stock's one-year performance stands at a decrease of 32.23%, contrasting sharply with the Sensex, which has gained 4.25% over the same timeframe. Additionally, Shipping Corporation of India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend in the market.

As a midcap player in the shipping industry, the company is facing challenges that have contributed to its recent performance. Investors and market observers will be closely monitoring any developments that could impact the company's position in the sector.
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