116% up in 5 years! Shipping Corporation of India share price jumps 4% today | What should investors do?
AI Summary
The recent surge in Shipping Corporation of India’s share price reflects positive investor sentiment, buoyed by the broader market recovery and the company's ambitious growth plans. With a target of ₹2,000 crore in profit after tax and fleet expansion, SCI is positioning itself to capitalize on the growing demand in the shipping sector, especially with government initiatives like the Container Manufacturing Assistance Scheme. Retail investors should monitor the stock closely, as breaking through the ₹282 resistance level could signal further upward momentum, while the established support around ₹260–255 may provide a buffer against volatility.
Shipping Corporation of India share price jumped over 4% on NSE in Monday's trading session amid positive sentiments on Dalal Street. Shipping Corporation shares opened at ₹272 per share today, as compared to previous close of ₹267 on Friday.
Meanwhile, Indian equity benchmarks staged a strong recovery on Monday, with the Sensex rising more than 400 points and the Nifty trading above the 22,500 mark. The Sensex opened at 72,340.95 and was trading at around 72,362.54, up 452.84 points, or 0.63%, from its previous close of 71,909.70. The Nifty, meanwhile, opened at 22,532.40 and was quoted at around 22,543.05, gaining 121.10 points, or 0.54%, compared with its previous close of 22,421.95.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 05 October 2026.
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