SCI Share
SCI Share

SCI Share: In the ever-fluctuating world of stocks, the Shipping Corporation of India (SCI) has seen its fair share of highs and lows. Over the past month, the stock has witnessed a decline of 10%. However, taking a broader perspective, the annual performance reflects a 22% increase.

The ownership dynamics of this company have also been noteworthy. LIC, a major stakeholder in SCI, recently informed the exchange about its decision to reduce its stake. From an earlier 6.03%, LIC has now trimmed its ownership to 3.99%, marking a significant decrease of 2.04%.

This movement by LIC has piqued the interest of many, especially when observing the overall performance of SCI’s stocks. Over the past three months, there’s been a robust growth of 45% in stock value. When extended to a year, it registers a 24% rise, and a remarkable 180% surge over three years.

However, a pattern has emerged since December 2022, wherein the domestic institutional investors, also referred to as FII, have consistently been selling their shares. From holding a 3.3% stake in December 2022, it reduced to 3.23% by March 2023. By June 2023, it dwindled further, landing at 2.89%.

Such movements within the stock market, especially from significant players like LIC and FII, are bound to attract attention and speculation. As we move forward, the stock’s trajectory and ownership dynamics of SCI will undoubtedly be closely watched by investors and analysts alike.

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