Shipping Corporation of India Faces Significant Volatility Amid Broader Sector Challenges

Apr 07 2025 09:35 AM IST
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Shipping Corporation of India has faced notable volatility, with a significant decline today and a total drop over the past two days. The stock is trading below all major moving averages, reflecting a bearish trend, while the broader shipping sector has also experienced challenges. The Sensex has shown mixed performance, nearing its 52-week low.
Shipping Corporation of India has experienced significant volatility today, with a notable decline of 7.51% as of April 7, 2025. The stock has underperformed its sector by 2.04%, marking a consecutive fall over the past two days, resulting in a total drop of 10.39% during this period. The stock opened with a substantial loss of 14.08%, reaching an intraday low of Rs 143.05.

In terms of moving averages, Shipping Corporation of India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader shipping sector has also faced challenges, declining by 5.47%.

On the market front, the Sensex initially opened down by 3,914.75 points but managed to recover, currently trading at 73,104.79, down 3%. The index is nearing its 52-week low and is trading below its 50-day moving average, which is also below the 200-day average. Over various time frames, Shipping Corporation of India has shown a stark contrast to the Sensex, with a year-to-date performance of -26.79% compared to the Sensex's -6.49%.
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