Shipping Corporation of India (SCI) reached a new 52-week high of ₹247.95 on Thursday, marking a significant milestone for the state-run shipping major within the transport services sector. The stock surged 7.08% intraday and has gained 9.91% over the past three trading sessions, reflecting strong investor confidence and sustained upward momentum.
With this performance, SCI has outpaced its sector by 5.91% and continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages — a technical indicator of solid market strength.
In the broader market, the BSE Sensex also touched a fresh 52-week high of 85,149.24, opening 727.81 points higher. The benchmark index has climbed 4.85% over the last three weeks, underscoring the prevailing bullish sentiment across markets.
Over the past year, Shipping Corporation of India’s stock has delivered a 15.75% return, outperforming the Sensex’s 6.30% rise. Analysts attribute the rally to improving prospects in India’s shipping and logistics sector, supported by strong trade activity and optimism around the company’s future growth trajectory.
