Bengaluru, Sept. 22 -- This PSU Navratna Stock, engaged in transporting goods and passengers, operating bulk carriers, tankers, container ships, and offshore supply vessels worldwide, jumped 8 percent after signing an MoU with BPCL, HPCL, and IOCL for petroleum transport.

With a market capitalization of Rs. 10,794.89 crores, the share of Shipping Corporation of India Limited has reached an intraday high of Rs. 237.10 per equity share, rising nearly 8.11 percent from its previous day's close price of Rs. 219.30. Since then, the stock has retreated and is currently trading at Rs. 231.50 per equity share.

What is the News?

The Shipping Corporation of India Limited (SCI) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum ...