Consolidated total income of the company in the July-September quarter marginally increased to Rs 1,064.28 crore from Rs 1,052.11 crore in the year-ago period.
As per strategic divestment policy, the government can cut its holding in companies to below 51 percent and transfer management control.
During April-June 2018, the company's expenses were at Rs 1,105.09 crore, higher from Rs 892.59 crore during the same quarter in 2017-18 fiscal.
Gadkari said state-run SCI will lease out the assets to private parties who may have difficulties arranging the capital but can deploy the assets locally for productive uses.
The company had clocked a profit of Rs 9.69 crore in the third quarter of 2016-17.
Kotak Securities recommended accumulate rating on Shipping Corporation of India with a target price of Rs 110 in its research report dated November 07, 2017.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Shipping Corporation of India and sell Motherson Sumi Systems.
Sumeet Jain of Destimoney Securities advises buying BEML with a target of Rs 1750.
Nifty@10,000 is more of a psychological level than anything else. The only concern is that at this level, markets are fairly priced but that does not mean it is on the verge of a big correction.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell RBL Bank and The Ramco Cement and buy JSW Steel, Jindal Steel Power and Shipping Corporation of India.
All the shipping stocks are buzzing after CNBC Awaaz reported that the government is considering divesting in Shipping Corporation of India (SCI).
Ashwani Gujral of ashwanigujral.com is of the view that one may go long in Reliance Industries.
NITI Aayog has recommended the Ministry of Shipping to divest stake in SCI in multiple tranches.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Indian Oil Corporation, Ceat and Vedanta.
Total income fell to Rs 948.36 crore from Rs 985.74 crore in the corresponding period of the previous year.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9270-9230 and resistance at 9375-9414 while Bank Nifty has support at 22400 and resistance at 22750. NIFTY (9285) Support: 9270-9230 Resistant: 9375-9414 BANK NIFTY (22605) Support: 22400 Resistance: 22750 STOCKS Bullish Plays Atul: Base Formation Target: 2500 Stop loss: 1280 Ship Corp: Base Formation Target: 84 Stop loss: 78 Bearish Plays Jindal Steel: Breakdown Target: 100 Stop loss: 109 Rel Cap: Exhaustion Target: 630 Stop loss: 660
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Shipping Corporation of India and sell Cipla.
According to Vijay Chopra of enochventures.com, one may prefer MOIL and Shipping Corporation of India.
Ashish Kyal of Waves Strategy Advisors advises selling Engineers India with a target of Rs 139.
The country's largest ship liner Shipping Corporation of India (SCI) now has a modern fleet with average age of 9.5 years against average Indian fleet age of 18.4 years, Parliament was informed today.
Jay Thakkar of Anand Rathi suggests selling India Cements with a target of Rs 152.
Jay Thakkar of Anand Rathi is of the view that one may buy Bharti Infratel with a target of Rs 323.