Shipping Corporation of India Shows Mixed Technical Trends Amid Market Volatility

Mar 21 2025 08:02 AM IST
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Shipping Corporation of India (SCI) has recently revised its evaluation amid market fluctuations, with its stock price rising from the previous close. The company has shown significant volatility over the past year, with impressive long-term returns that outperform the Sensex, indicating resilience in the shipping sector.
Shipping Corporation of India (SCI), a midcap player in the shipping industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 176.35, showing a notable increase from the previous close of 157.75. Over the past year, SCI has experienced a 52-week high of 384.80 and a low of 138.25, indicating significant volatility.

In terms of technical indicators, the weekly and monthly MACD readings suggest a bearish to mildly bearish sentiment, while the Bollinger Bands also align with this trend. The daily moving averages reflect a mildly bearish stance, and the On-Balance Volume (OBV) supports this outlook as well. However, the Dow Theory indicates a mildly bullish trend on a weekly basis, suggesting some mixed signals in the short term.

When comparing the company's performance to the Sensex, SCI has shown impressive returns over longer periods. Over the last three years, the stock has returned 97.79%, significantly outperforming the Sensex's 31.94%. In the five-year span, SCI's return stands at an impressive 465.44%, compared to the Sensex's 155.21%. Despite recent challenges, these long-term performance metrics highlight the company's resilience in the shipping sector.
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