SCI shares slide 6% as profit-taking, Middle East truce hopes cool shipping rally

SCI shares slide 6% as profit-taking, Middle East truce hopes cool shipping rally

Shares of Shipping Corporation of India (SCI) fell as much as 6.1% to Rs 221 on Tuesday, reversing some of the sharp gains from the past two sessions as investors booked profits and growing optimism around a potential truce in the Middle East conflict tempered fears of prolonged disruption to global shipping routes. The downturn … Read more

GE Shipping, SCI shares rally up to 13% as Israel’s strike on Iran elevates tanker rate surge bets

GE Shipping, SCI shares rally up to 13% as Israel’s strike on Iran elevates tanker rate surge bets

Shipping stocks like GE Shipping and SCI soared up to 13% on Friday as mounting tensions between Israel and Iran jolted global markets, pushing crude prices sharply higher and raising bets of container shipping rates rising. Shares of Great Eastern Shipping Company rose as much as 7.7% to Rs 1,049.70 on the BSE, while Shipping … Read more