Union Shipping Ministry has increased warning sign over the profitability of SCI

Stocks of SCI (Shipping Corporation of India) on Tuesday extended the prior session’s losses among information that the Union Shipping Ministry has increased warning sign over the profitability of the public sector major among increasing debt and downing margins.

At 11:16 am (IST), the share was at Rs. 73.20, down 2 or 2.7% from the last end. It had earlier hitted a day’s lower of Rs. 71.80 following opening at the day’s higher of Rs. 75. The share had hitted a 52-week higher of Rs. 202.50 on Oct 6, 2010.

The share yesterday plunged to the lowest in over 2 years following a national daily noted that Shipping Corporation of India stands to lose approximately US$200mn from a planned acquisitions of vessels.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

When Begins Investing

When Begins Investing [ad name="Banner 468 x 60 Text emage"] The quicker one begins investing the better. By investing very early a person allow investment funds a longer period ...…

Invest Early

Invest Early The sooner you begin for invest. you Commence investing in tiny amounts, frequently for a long time period, funds develops as a result ...…

Bad Delivery

Bad Delivery Designation implying that a security doesn't fulfill all of the needs or have all the required endorsements to permit the certificate to be transferred to ...…

Delisting of securities

Delisting of securities The word 'Delisting of securities' indicates permanent elimination of securities of a listed firm from a stock exchange. As a result of delisting, the securitie's ...…

Balance of Trade

Balance of Trade [ad name="468x15- 5 link"] Balance of Trade (BoT) indicate different in value, in a period of time, between a country’s imports and also exports of ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics