SCI - For Long Term

718
Shipping Corporation of India is the largest Indian shipping company in terms of capacity with a diversified fleet profile. It is involved in the business of transporting goods and passengers.

Stock P/E - 15.0 < Industry PE - 20.5
OPM - 29.3 %
FII holding - 4.56 %
DII holding - 8.69 %
Promoter holding - 63.8 %

The stock has fallen down around 40% from it's ATH. Currently the stock has taken a beautiful support from horizontal support zone as well as support trendline.

Targets - 273, 289, 323, 348
SL - 228
Entry above 246

Not a buy/sell recommendation. Shared only for learning purpose.

Penafian

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