Shipping Corporation of India Land & Assets Opens Strong with 7.58% Gain

Shipping Corporation of India Land & Assets has shown significant activity in today's trading session, opening with a notable gain of 7.58%. The stock has outperformed its sector by 2.72%, reflecting a positive trend in the short term. Over the past two days, the stock has recorded a cumulative return of 4.3%, indicating a consistent upward movement.
During the trading day, Shipping Corporation of India Land & Assets reached an intraday high of Rs 48.81. In terms of performance metrics, the stock's one-day performance stands at 4.28%, compared to the Sensex's 2.47%. However, over the past month, the stock has only managed a modest gain of 0.45%, while the Sensex has risen by 8.33%.

From a technical perspective, the stock's moving averages indicate it is currently above the 5-day average but below the longer-term 20-day, 50-day, 100-day, and 200-day averages. The stock is classified as a high beta stock, with a beta of 1.17, suggesting it tends to experience larger fluctuations compared to the broader market.