Shipping Corporation of India Ltd Sees 12.77 Million Shares Traded, Rs 31.97 Crore Value

Shipping Corporation of India Ltd (SCI), a small-cap player in the transport services industry, has emerged as one of the most active equities today, with a total traded volume of 12,770,398 shares and a total traded value of approximately Rs 31.97 crores. The stock opened at Rs 259.05, reflecting a loss of 2.78% from the previous close of Rs 266.45. Throughout the trading session, SCI reached a day high of Rs 259.5 and a day low of Rs 243.3, marking an intraday decline of 8.69%.
Despite its notable trading activity, SCI underperformed its sector by 3.32%, with a one-day return of -4.28%, contrasting with the sector's return of -1.76% and the Sensex's positive return of 0.55%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Notably, the weighted average price indicates that more volume was traded closer to the low price, suggesting a shift in investor sentiment.

Investor participation has seen a rise, with delivery volume on November 7 reaching 31.95 lakh shares, up 59.88% compared to the five-day average. The stock remains liquid enough for a trade size of Rs 5.57 crores, based on 2% of the five-day average traded value. Overall, Shipping Corporation of India Ltd's performance today reflects a complex interplay of market dynamics and investor behavior.