Shipping Corporation of India Shows Significant Recovery Amid High Volatility in Transport Sector

Shipping Corporation of India Ltd (SCI) has emerged as one of the most active stocks today, with a total traded volume of 21,988,639 shares and a total traded value of approximately Rs 48.65 crore. The stock opened at Rs 198.8, reflecting a loss of 3.64% from the previous close of Rs 206.32. However, it quickly reversed this trend, reaching an intraday high of Rs 230.5, marking a notable gain of 11.91% during the session.
Despite the initial dip, SCI has outperformed its sector by 4.8%, indicating a strong recovery after two consecutive days of decline. The stock has shown high volatility today, with an intraday volatility of 5.26%. It has traded within a wide range of Rs 32.1, with the day’s low recorded at Rs 198.8.

In terms of moving averages, SCI is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a positive trend in its performance. However, delivery volume has decreased significantly, falling by 39.17% compared to the 5-day average. Overall, SCI's performance today reflects a significant rebound in the mid-cap transport services sector, which has gained 6.49%.