The land and stake sale is expected to be completed by FY20-end
The government’s decision to sell BPCL, SCI and Concor indicates it is no longer diffident about privatisation
"It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.
However, total income during April-June rose to Rs 900.87 crore, from Rs 861.73 crore in the same quarter a year ago.
Tata Motors | Voltas | SRF | MT Educare | SCI | Godrej Industries | MEP Infra | VST Tillers | Karnataka Bank and Entertainment Network India are stocks, which are in news today.
In a filing to BSE today, the company said it will seek shareholders' approval through postal ballots for "re-deployment of Rs 330 crore received as refund from shipyards which were originally part of the proceeds of the further public offer".
The state-owned company had posted standalone net profit of Rs 161.8 crore in the July-September quarter of the 2015-16 fiscal, Shipping Corporation of India said in a BSE filing.
The company has been awarded two years rate contract from Dredging Corporation of India with the option to extend for further period of one year
BB Sinha, CMD, SCI said SCI's liner business has faced losses due to declining freight rates which has arisen due to the China meltdown. But he says its offshore sector is doing well.
ICICIdirect.com has recommended hold rating on Shipping Corporation of India (SCI) with a target price of Rs 60, in its research report.
State-run Shipping Corporation of India (SCI) today reported a standalone net profit of Rs 18.59 crore for the quarter ended September this fiscal.
Shipping Corporation posted a net loss of Rs 66 crore this quarter as against a net loss of Rs 75.26 crore in the corresponding quarter of the previous fiscal.
Manas Jaiswal of manasjaiswal.com suggests buying Oriental Bank of Commerce (OBC) with a target of Rs 199 and Arvind with a target of Rs 137.
Pritesh Mehta of IIFL feels Housing Development and Infrastructure may test Rs 50-51 levels and Shipping Corporation of India may see 38.50-39 levels in next couple of trading sessions.
SCI's total income came down to Rs 1056.4 crore in September quarter over Rs 1195 crore in the corresponding quarter of the previous fiscal.
ONGC | SBI | Kingfisher Airlines | Biocon | Polaris | Jet Airways | Reliance Communications | Bombay Rayon | TVS Motor | BPCL | Ajanta Pharma | eClerx Services | DB Realty | REC | Sobha Developers | Sun Pharma | Cipla | Aurobindo Pharma | Manappuram Finance and Aditya Birla Nuvo are stocks, which are in the news today.
Torrent Pharma | Pennar Industries | McNally Bharat | YES Bank | Jet Airways | CRISIL | Ranbaxy Labs | Midland Polymer | Fortis Healthcare and Just Dial are stocks, which are in the news today.
Mayuresh Joshi, VP Institution at Angel Broking advised selling Shipping Corporation of India (SCI) on rallies. "One can look at certain stocks like Dabur, Cadila, ICICI Bank or Axis Bank," he added.
Mehta says there is a likelihood of India‘s sovereign ratings being upgraded in the coming weeks. The Finance Ministry had recently met up with rating agency Moody‘s to make a case for India‘s rating upgrade.
BK Mandal, CMD & Dir-Fin, Shipping Corporation of India (SCI) is of the view that though today shipping is facing a downtrend, and even big companies are posting losses, it is a passing phase.
Kotak Securities has come out with its earnings estimates on shipping sector for December quarter FY13. With slowing consumer demand and burgeoning order book, the container market was weak in Q3FY13 and is estimated to remain flattish in near term.
State-run Shipping Corporation of India (SCI) today reported a net profit of Rs 297.26 crore for the quarter ended September 30, 2012.
In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.
SP Tulsian of sptulsian.com the newsflow is very good, especially from Europe. "I don't think that there is any point in trading too much in the market. Stick to the quality stocks," he adds.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.