SHIPPING CORP Share Price Down by 6%; BSE 500 Index Down 1.8%
March 19, 2021 09:38 AM

SHIPPING CORP share price has plunged 6% and is presently trading at Rs 105.

Meanwhile, the BSE 500 Index is at 19,288 (down 1.8%).

Among the top losers in the BSE 500 Index today are SHIPPING CORP (down 6.0%) and RATNAMANI METALS (down 5.4%).

GSK CONSUMER (up 5.1%) and LAKSHMI VILAS BANK (up 4.8%) are among the top gainers today.

Over the last one year, SHIPPING CORP has moved up from Rs 42 to Rs 105, registering a gain of Rs 63 (up 148.6%)..

The BSE 500 has moved up from 11,756 to 19,288, registering a gain of 7,532 points (up 64.1%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were INTELLECT DESIGN (up 815.2%), ADANI GREEN ENERGY (up 792.7%) and ADANI GAS (up 563.2%).

What About the Benchmark Indices?

The BSE Sensex is at 49,002 (down 1.2%). The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 0.8%), HCL TECHNOLOGIES (up 0.1%) and BHARTI AIRTEL (up 0.1%). Other gainer include POWER GRID . The most traded stocks in the BSE Sensex are HCL TECHNOLOGIES and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 14,492 (down 1.1%). BHARTI AIRTEL (up 0.5%) and KOTAK MAHINDRA BANK (up 0.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,579 to 49,002, registering a gain of 18,423 points (up 58.97%).

SHIPPING CORP Financial Update...

SHIPPING CORP net profit down at Rs 1 billion for the quarter ended December 2020, compared to a loss of Rs 3 billion a year ago. Net Sales declined 33.1% to Rs 8.4 billion during the period as against Rs 12.6 billion in October-December 2019.

For the year ended March 2018, SHIPPING CORP reported 78.4% increase in net profit to Rs 2.5 billion compared to net profit of Rs 1.4 billion during FY17.

Revenue of the company grew 0.6% to Rs 35 billion during FY18.

The current Price to earnings ratio of SHIPPING CORP, based on rolling 12 month earnings, stands at 7.0x.