Shipping Corporation of India Ltd Sees 7.8 Million Shares Traded Today, Declines 4.1%

Shipping Corporation of India Ltd (SCI) has emerged as one of the most active stocks today, with a total traded volume of 7,800,827 shares and a total traded value of approximately Rs 208.79 crores. The stock opened at Rs 273.00 and reached a day high of Rs 274.00, but also experienced a notable intraday low of Rs 263.10, reflecting a decline of 4.1%. Currently, the last traded price stands at Rs 271.15, marking a 1.29% decrease for the day.
Despite this decline, SCI is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. However, it has underperformed its sector by 2.42% today. Notably, investor participation has increased significantly, with delivery volume on October 24 rising by 378.68% compared to the 5-day average.

With a market capitalization of Rs 12,613.37 crores, SCI operates within the transport services industry. The stock remains liquid enough for trades of Rs 12.1 crores, based on 2% of the 5-day average traded value. Overall, while the stock has faced some short-term challenges, it continues to show resilience in its longer-term performance metrics.