Shipping Corporation of India Ltd Sees 12.7 Million Shares Traded Today
Shipping Corporation of India Ltd (SCI) has become one of the most actively traded stocks today, with over 12.7 million shares exchanged. Despite a decline in price, the stock remains above several key moving averages, and investor participation has notably increased, reflecting a dynamic market presence.
Shipping Corporation of India Ltd (SCI), a small-cap player in the transport services industry, has emerged as one of the most active equities by volume today. The stock recorded a total traded volume of 12,726,509 shares, with a total traded value of approximately Rs 318.53 crores. Opening at Rs 259.05, SCI experienced a decline of 2.78% at the start of trading and reached a day's low of Rs 243.3, reflecting an intraday drop of 8.69%. The last traded price stood at Rs 253.1, marking a 4.28% decrease for the day, which is notably lower than the sector's average decline of 1.76%.
Despite this downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Notably, investor participation has increased, with delivery volume on November 7 rising by 59.88% compared to the 5-day average.
Overall, while Shipping Corporation of India has faced challenges today, its trading activity and liquidity indicate a dynamic market presence.
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