Rail, shipping stocks plunge up to 6% as Israel-Hamas war weighs on economic corridor

Rail, shipping stocks plunge up to 6% as Israel-Hamas war weighs on economic corridor

Major railway stocks like the Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Limited (RVNL), Ircon International, RITES, and RailTel Corporation of India fell up to 6%. Meanwhile, shipping stocks like Shipping Corporation of India (SCI), Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, and Cochin Shipyard declined by up to 5% in the intraday trade. Palestinian … Read more

Shipping stocks nosedive amid profit booking; Cochin Shipyard, Mazagon Dock fall up to 14%

Shipping stocks nosedive amid profit booking; Cochin Shipyard, Mazagon Dock fall up to 14%

Shipping sector stocks fell sharply on Tuesday witnessing up to 14% intraday fall as investors booked profits after a sustained rally in these stocks. The top loser was Cochin Shipyard whose stock fell by over 14% to the day’s low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% … Read more

Shipping stocks gain up to 13%. Mazagon Dock, Cochin Shipyard lead the pack

Shipping stocks gain up to 13%. Mazagon Dock, Cochin Shipyard lead the pack

Shipping stocks gained up to 13% on the NSE on Friday, with Mazagon Dock Shipbuilders and Cochin Shipyard leading the pack, followed by Shipping Corporation of India (SCI), Great Eastern Shipping Company, and Garden Reach Ship Builders & Engines, which gained 6.27% and 3.19% in the opening trade. Shares of state-owned Mazagon Dock hit their … Read more