Friday, October 21, 2011

SHIPPING CORPORATION OF INDIA LTD:POSITIVE

Mahesh Ji,
I think you have heard about the debt news and share collapse of Shipping Corporation... I already hold 20+ at an avg of 100. What future you see in SCI?
ask by shri rajeev daniel ji.
1. rajeev ji SHIPPING CORPORATION OF INDIA LTD is a 10 rupee face vaue PSU stock.
2.promoter ( govt of India) hold 63.75 % stocks in SHIPPING CORPORATION OF INDIA LTD and FII hold 2.87% DII hold 20.40% so promoters and institutional holdings is good.
3.book value of SHIPPING CORPORATION OF INDIA LTD is 153.89 so this is a value buy at CMP of 69.
4. SHIPPING CORPORATION OF INDIA LTD is India best dividend paying company so this is the reason for mutual fund holding is near 20 %
5. stock give 5-6 rupee per year dividend in last few years.
6.debt/ equity ratio is 0.65 for SHIPPING CORPORATION OF INDIA LTD so i think this is not a high debt company.
7. so my view is positive for SHIPPING CORPORATION OF INDIA LTD , i have no any stock of SHIPPING CORPORATION OF INDIA LTD.

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