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Shares of Shipping Corporation of India surge 16% in 2 days to 52-week high on strategic plan
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SCI shares surged 16% in two days to a year high after board approval of a long-term plan and potential strategic disinvestment, spotlighting the logistics theme.
Shares of India’s state-owned Shipping Corporation of India (SCI) jumped around 16% over the past two trading days, reaching a 52-week high of about ₹267.70, on heavy trading volumes. SCI disclosed that its board has approved a long-term business plan and it is part of the government’s strategic disinvestment roadmap. The company plans to hive off non-core assets and may attract investor interest ahead of possible private-sector participation. Market watchers say the stock’s movement reflects speculative momentum in logistics and shipping infrastructure themes amid India’s global trade and supply-chain push.