Shipping Corporation of India generated a sharp profit surge and declared a cash dividend, driving investor confidence upward. Garden Reach Shipbuilders & Engineers also delivered steady quarterly improvements despite a slight slip in its latest trading session. Bonanza analyst Virat Jagad has outlined technical recovery paths for both entities, proposing distinct accumulation zones and price targets based on their recent chart rebounds.
Key points
Technical analysis points to potential upside for Shipping Corporation of India toward ₹2…: Technical analysis points to potential upside for Shipping Corporation of India toward ₹285 to ₹290 if it clears the ₹270 to ₹276 resistance range.
Investors tracking Garden Reach Shipbuilders & Engineers are advised to consider a buy-on…: Investors tracking Garden Reach Shipbuilders & Engineers are advised to consider a buy-on-dips approach between ₹2,160 and ₹2,205.
Both maritime stocks reflect ongoing price recovery patterns supported by positive second…: Both maritime stocks reflect ongoing price recovery patterns supported by positive second-quarter financial performance.
Sources checked by our analysis pipeline: 1
PSU battle: Shares of Shipping Corporation of India Limited (SCI) and Garden Reach Shipbuilders & Engineers Limited have rallied over the past seven days after the announcement of second quarter results for the financial year 2026-27.
SCI’s consolidated net profit more than doubled during the second quarter of FY27, whereas GRSE’s net profit increased by 12% on an annual basis. Out of the two maritime PSUs, Shipping Corporation of India announced an interim dividend during the quarter.
SCI vs GRSE Q2 results, profit, revenue comparison
Shipping Corporation of India’s net profit increased by 205% on an annual basis to ₹577.76 crore in Q2FY27 against ₹189.16 crore reported in the year-ago period. Whereas, GRSE’s net profit jumped to ₹172 crore, up 12% from ₹154 crore reported in the year-ago period.
SCI’s net revenue surged to ₹2290.73 crore during the quarter under review, against ₹1338.87 crore reported in the year ago period. GRSE’s net revenue from operations surged to ₹1826.69 crore in Q2FY27, against ₹1677.38 crore in Q2FY26.
SCI vs GRSE Q2 dividend
Shipping Corporation of India’s board of directors approved an…
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