Shipping Corporation of India Faces Ongoing Challenges Amid Broader Industry Decline

Shipping Corporation of India has experienced significant downward movement in its stock price, losing 5.3% on February 14, 2025. The stock reached a new 52-week low of Rs. 155.1 during the trading session, marking a notable decline. Over the past six days, the stock has consistently fallen, resulting in a total decrease of 20.58% during this period. In terms of performance metrics, Shipping Corporation of India underperformed its sector, which saw a decline of 3.74%. The stock's performance today was also below that of the Sensex, which fell by only 0.80%. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader shipping industry is facing challenges, as reflected in the stock's performance relative to the sector. Overall, the recent activity in Shipping Corporation of India highlights ongoing struggles within the company and the shipping sector as a whole.