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    HomeNewsOpinionFreight rates are raising the red flag, time to fasten seat belts

    Freight rates are raising the red flag, time to fasten seat belts

    Falling freight rates are an indication of slowing economies and lower earnings growth

    Shishir Asthana
    September 09, 2022 / 12:27 IST
    Freight rates are raising the red flag, time to fasten seat belts

    Shipping Corporation of India | CMP: Rs 117.30 | The stock price dipped 6 percent on May 9 despite the company recording a massive 77.4 percent year-on-year growth in consolidated profit at Rs 152 crore in the quarter ended March 2022 on strong topline and operating income. Revenue from operations grew by 50 percent to Rs 1,314.5 crore during the same period.

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