SCI Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

Shipping Corporation of India Ltd (SCI) is a government-owned enterprise and one of India’s leading shipping companies. Established in 1961, SCI plays a vital role in India’s maritime transportation sector, offering services like bulk cargo, tanker services, and offshore shipping. It operates a diversified fleet that caters to both domestic and international markets, helping to support trade and energy transport. SCI Share Price on NSE as of 15 October 2024 is 238.25 INR. Here will provide you more details on SCI Share Price Target 2024, 2025, 2026 to 2030.

Shipping Corporation of India Ltd: Market Overview

• Open Price: ₹240.00
• High Price: ₹246.00
• Low Price: ₹236.20
• Previous Close: ₹239.25
• Volume: 2,273,324
• Value (Lacs): ₹5,426.42
• VWAP: ₹241.15
• UC Limit: ₹287.10
• LC Limit: ₹191.40
• P/E ratio: 13.90
• Div yield: 0.21%
• 52-wk high: ₹384.20
• 52-wk low: ₹128.50
• Mkt cap: ₹11.10KCr
• Face Value: ₹10

SCI Share Price Chart

SCI Share Price Target Tomorrow 2024 To 2030

SCI Share Price Target 2024

SCI share price target 2024 Expected target could be ₹350. Here are three key factors that could affect the growth of SCI share price by 2024:

• Increasing Global Trade
  SCI’s growth is closely tied to global trade dynamics. As international trade picks up post-pandemic and demand for shipping increases, SCI stands to benefit from higher freight rates and increased cargo volumes. This upward trend in trade could positively impact SCI’s share price in 2024.
• Expansion in Offshore Services
  SCI’s involvement in offshore services, particularly in the oil and gas sectors, positions it to capture growth in energy transport. With global energy demand rising, the company’s offshore shipping services could see significant growth, boosting its overall revenues and contributing to share price appreciation.

• Privatization Prospects
  The Indian government has been pushing for the privatization of state-owned enterprises, including SCI. If progress is made in this direction in 2024, investor sentiment around the stock may improve, leading to potential share price growth as privatization typically brings operational efficiency and improved financial performance.

SCI Share Price Target 2025

SCI share price target 2025 Expected target could be ₹565. Here are three key factors that could affect the growth of SCI share price by 2025:

• Fleet Expansion and Modernization
  In 2025, SCI’s focus on expanding and modernizing its fleet could significantly drive its growth. By investing in newer, more fuel-efficient vessels, the company can increase its operational efficiency, reduce maintenance costs, and stay competitive in the global shipping industry. This fleet improvement may positively impact the company’s profitability and share price.
• Sustainability and Green Shipping
  With global shipping regulations tightening around carbon emissions and environmental sustainability, SCI’s efforts to adopt green shipping practices will be crucial. Any advancements in cleaner technologies, such as LNG-powered ships or carbon-neutral operations, could position SCI as a leader in sustainable shipping, attracting long-term investors and driving share price growth in 2025.

• Geopolitical Stability and Trade Routes
  The stability of key global shipping routes, such as those in the Middle East and South China Sea, will play a major role in SCI’s success. If geopolitical conditions improve by 2025, it will encourage smoother and more cost-efficient global trade, benefiting SCI’s business operations and supporting its share price growth. Conversely, strategic planning around these routes could help the company mitigate risks and capitalize on favorable trade conditions.

SCI Share Price Target 2030

SCI share price target 2030 Expected target could be ₹1110. Here are three potential risks and challenges for SCI Tech’s share price target in 2030:

• Volatility in Global Trade
  The shipping industry is highly dependent on global trade volumes. Any slowdown in international trade, whether due to geopolitical tensions, economic downturns, or changes in trade policies, could negatively impact SCI’s operations by reducing demand for shipping services. This volatility poses a long-term risk to the company’s revenue and share price by 2030.
• Environmental Regulations and Compliance Costs
  By 2030, stricter international environmental regulations on carbon emissions could lead to significant compliance costs for SCI. The need to adopt greener technologies and cleaner fuels might require heavy investments, which could affect profitability. Failing to meet regulatory standards or adapting too slowly could result in fines, increased operating costs, or loss of business.

• Technological Disruption
  The rapid development of technologies, such as autonomous shipping and digitalization, presents both opportunities and risks for SCI. If the company fails to adapt to new technological advancements, it may face competitive pressure from more tech-savvy competitors. Additionally, the high costs of integrating new technologies could pose financial challenges, potentially affecting its share price in the long term.

Shareholding Pattern For Shipping Corporation of India Ltd

• Promoters: 63.75%
• Retail And Others: 22.99%
• Foreign Institutions: 4.56%
• Domestic Institutions: 8.7%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.shipindia.com/

Shipping Corporation of India Ltd Financials

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