Shipping Corporation of India Ltd
SCI

63.75

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Day's Vol.(shares)

63.85

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Reduce
Reco. Price
Rs 63.00
We recommend REDUCE on the stock as high capex to acquire vessels is expected to act as a drag on earnings. Higher expected D/E will pull EBITDA margin down by ~120bps in FY17E. We target stock to trade at P/E of 7.4x in FY17E. (Target Price: Rs.58)
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50 DMA (.)
63.85
100 DMA (.)
64.35
200 DMA (.)
67.06
Weekly Range (.)
62.50
66.30
Monthly Range (.)
62.50
70.90
52 Weeks Range (.)
54.35
77.60
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