Management

SCI gains on plans of new buy

Shipping Corporation of India (SCI) has gained in early trades on plans of purchasing new container ships. - Sensex opens flat on global cues - FIIs net buyers Rs 695cr in F&O on Tuesday - US markets end flat - Govt defers ground handling policy by 1 yr - Asian stocks rise for second day, led by commodities, retailers - Emerging-market inflows triple on export recovery The stock has gained 2.8% to Rs 149 after touching a high of Rs 250. The stock is now just 4% away from its 52 week high of Rs 155. It has, however, surged over 100% from its 52 week low of Rs 70. Over 56,510 shares have been traded on the counter so far. SCI has planned to buy three container ships for $225 million. At present, Shipping Corporation has a total fleet strength of 76, which includes 5 container vessels.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Maruti Suzuki: Margin surprise
Lower raw material costs helped Maruti post better-than-expected margins, which analysts believe is unlikely to be sustained.
Popular Articles

T N Ninan: No one barked
T N Ninan / New Delhi November 14, 2009, 1:01 IST

'RBI move indicates gradual withdrawal of stimulus packages'
India Inc today cautiously welcomed the RBI"s move to modify the ECB guidelines and said this also indicates a gradual withdrawal of stimulus measures announced to help the industry tide over the global credit crunch last year.

© Copyright 2009