Shipping Corporation of India (SCI) shares climbed almost 4% in early trading on Wednesday, driven by expectations of the Cabinet’s potential approval of the Shipping Bill. Investors are optimistic that the bill will bring significant reforms to the shipping sector, improving the regulatory framework and boosting the competitiveness of Indian shipping companies.
The new bill is expected to benefit both public and private players in the industry, prompting positive market sentiment toward SCI and other shipping-related stocks.
As of 10:33 AM, Shipping Corporation of India shares were trading 3.48% higher at ₹247.00 on the NSE.