Shipping Corporation downgraded to hold amid valuation concerns
after close1 source ↓written by the desknot a recommendation
Shipping Corporation of India Ltd has been downgraded to hold due to valuation concerns. The company reported a profit after tax of ₹809.57 cr for the last six months, reflecting a growth of 21.1%. Despite a low Debt to EBITDA ratio of 1.23, concerns about valuation persist, impacting investor sentiment.
Not investment advice. For informational purposes only.