Technical Analyst Hitendra Vasudeo (stockmechanics.com) has suggested to buy Shipping Corporation of India to be sold on Monday (31 Dec).

The delivery call has been given as the stock has performed well from last few weeks.

Mr. Vasudeo has suggested investors to buy the stock above Rs 282 with a strict stop loss of Rs 244 for achieving a target between Rs 355- 473.

Today the stock has gained above 9.84% at Rs 284 up till now (12:40 pm), and it is expected to touch this level in the said time period. The stock still has good potential.

Today, the stock has touched a new 52-week high of Rs 287.80 on BSE. With an EPS of Rs 31.87, the stock is currently trading with a P/E of 8.96.

Shipping Corporation of India Ltd has informed BSE that Shri. J N Das, has been appointed as Director (Liner & Passenger Services) of the Shipping Corporation of India Ltd., by the Government of India, Ministry of Shipping, Road Transport & Highways, and has taken over charge w.e.f. December 24, 2007.