Shipping Corporation
SCI moves into focus after filing for FPO
Submitted by Keshav Seth on Wed, 10/13/2010 - 22:10.
The state-owned Shipping Corporation of India has been running as the focus after the company has filed for the follow-on public offer (FPO) with the stock market regulator Securities & Exchange Board of India.
According to the plan carved out by the company, the government will be eying to shed close to 10% stake in the company while the company will be issuing 10% fresh equity as well/on the other end, the board of Uflex has recently met with a view to review to status of the rights issue of the company and to discuss other important matters of the company.
Buy Shipping Corp With Stoploss Of Rs 115: Ashwani Gujral
Submitted by Divesh Sharma on Thu, 06/25/2009 - 14:53.
Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Shipping Corporation of India to achieve an intraday target between Rs 138- Rs 145.
According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 115.
The shares of the company, on Wednesday (June 24), closed at Rs 123.05 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 22.09 & 5.65 respectively. The share price has seen a 52-week high of Rs 153.60 and a low of Rs 34.88 on BSE.
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