Multibagger Stock: Government going to sell this company
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stock closed on upper circuit
The shares of Shipping Corporation of India Ltd have seen a bumper jump of 4.94% today. The stock closed at a level of Rs 84.95 today with a sharp rise. While before this, the shares of Shipping Corporation of India Limited were seeing a decline. In five days, this share has fallen by 6.13%. Talking about the last one month, the stock has seen a decline of 33.35 per cent. However, now the stock has bounced again.
This company is going to sell electricity to the government, investors rush to buy shares, stock running like a rocket
Country’s third largest shipping company
Let us tell you that the Government Shipping Corporation of India Ltd is the third largest shipping company in the country. After the news about privatization, the shares of Shipping Corporation of India are seeing a boom. According to Reuters reports, the government is now planning to invite financial bids for SCIL privatization by mid-May. However, the government has not given any official statement in this regard yet. A final decision in this regard will be taken on April 14 by a committee headed by the Cabinet Secretary.
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