Shipping Corporation of India Sees Surge in Trading Activity and Investor Interest
Shipping Corporation of India Ltd (SCI) has seen significant trading activity, with over 13 million shares exchanged and a notable intraday gain. The stock has shown a consistent upward trend over the past three days, attracting increased investor participation and reflecting positive momentum in the shipping sector.
Shipping Corporation of India Ltd (SCI) has emerged as one of the most active stocks today, with a total traded volume of 13,445,401 shares and a total traded value of approximately Rs 2,296.21 crore. The stock opened at Rs 160.00 and reached a day high of Rs 178.20, reflecting a notable intraday gain of 12.25%. The previous close was Rs 157.69, indicating a strong performance that has outpaced the shipping sector by 6.15%.Over the past three days, SCI has shown a consistent upward trend, accumulating returns of 18.16%. The stock's volatility today was significant, with an intraday fluctuation of 6.29%. Despite this volatility, the stock's performance remains above its 5-day and 20-day moving averages, although it is below the longer-term 50-day, 100-day, and 200-day moving averages.
Investor participation has also increased, with delivery volume on March 19 rising by 225.75% compared to the 5-day average. The shipping sector overall has gained 3.19%, while SCI's market capitalization stands at Rs 8,245.11 crore, classifying it as a mid-cap stock. Overall, SCI's performance today reflects strong trading activity and positive momentum within the shipping industry.
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