Shipping Corporation of India Hits 52-Week Low Amid Ongoing Market Struggles

Feb 11 2025 09:36 AM IST
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Shipping Corporation of India has faced notable volatility, reaching a new 52-week low and experiencing consecutive losses over the past three days. The stock has underperformed its sector significantly and is trading below its moving averages, highlighting ongoing challenges in the shipping industry.
Shipping Corporation of India has experienced significant volatility today, reaching a new 52-week low of Rs. 175.15. This marks a notable decline as the stock has underperformed its sector by 2%. Over the past three days, the stock has faced consecutive losses, accumulating a decline of 10.11%.

Intraday trading saw the stock hit a low of Rs. 175.15, reflecting a decrease of 2.5% from the previous close. The company's performance over the past year has been challenging, with a decline of 25.38%, contrasting sharply with the Sensex, which has gained 7.69% during the same period.

Additionally, Shipping Corporation of India is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This trend indicates ongoing struggles in maintaining upward momentum in the market. As the shipping industry navigates these challenges, the stock's performance remains a focal point for market observers.
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