Shipping Corporation India rose 0.19% to Rs 207.60 at 13:43 IST on BSE after the shipping ministry gave its nod to the company's proposal to issue one bonus equity share for every two shares held.
The company announced this during trading hours today, 21 July 2008.
The stock hit a high of Rs 216 and a low of Rs 203.25 so far during the day. The stock had a 52-week high of Rs 332 on 3 January 2008 and a 52-week low of Rs 154 on 22 January 2008.
The company has an equity capital of Rs 282.30 crore. Face value per share is Rs 10.
The current price of Rs 207.60 discounts its Q4 March 2008 annualised EPS of Rs 35.24, by a PE multiple of 5.89.
Shipping Corporation India (SCI)'s board will discuss the bonus issue proposal at a meeting to be held on 26 July 2008. Earlier, the company's board at its meeting held on 20 May 2008 had approved the proposal to issue bonus shares and decided to forward the proposal to the shipping ministry for its approval.
Shipping Corporation India (SCI)’s net profit declined 19.8% to Rs 813.90 crore on 0.6% rise in net sales to Rs 3726.84 crore in the year ended March 2008 over the year ended March 2007.
SCI, a state-run shipping company, operates and manages a fleet of line vessels, tankers, bulk carriers, passenger vessels and off shore vessels
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