SCI Share News: Mega plan of government defense company, stock jumps by 8%

News Topical, Digital Desk : Shipping Corporation of India share price, Shipping Corporation of India shares, Shipping Corp share price, Shipping Corporation business expansion, Shipping Corporation of India share price target, Shipping Corporation demerger, Shipping Corporation stock price, Why Shipping Corporation shares are surgingShipping Corporation of India's shares saw a gain of 8% on Thursday, May 22. This is the second consecutive session when the stock has gained. Earlier, the stock had also risen by 9% last Friday.

The plan focuses on increasing the number of ships, replacing the existing fleet and increasing capacity. Sources said that the Shipping Ministry has asked Shipping Corporation to lease as many ships as possible.

Strategy to increase capacity Shipping Corporation of India can sign MoU with ONGC, Indian Oil, HPCL, and GAIL to increase its capacity . The company's focus is on increasing its share in the operation and management of ships used in oil imports. Several rounds of talks have been held between the Shipping Ministry and the Petroleum Ministry on this.

Stock performance Shares of Shipping Corporation of India are trading 7.4% higher at ₹ 195.32. However, the stock is down 7.7% so far in 2025. The company with a market cap of more than Rs 9,000 crore has a 52-week high of Rs 384.20 and a 52-week low of Rs 138.26 per share. 

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