Shipping Corpn of India : SELL SELL INTRADAY

Target Rs 71.20: SCI can report NP of 61 crores as against:

1. Market estimate of 158 cr NP

2. NP of 161 cr in Q2

3. NP of 163 cr in Q1

Huge decline expected in Q3.

Q4 may not be any better as Baltic freight index at new low

TP 58-63 in 1 month