*Hot Sell*
Shipping Corpn of India:
Q4 Results today:
SCI is sailing in choppy seas. SCI is set to announce horrible results for Q4 today:
*Q4 should have LOSS of more than 10crores as against NP of 101 cr in quarter ended March15*
Thus there is turn back of 110 crores YoY.
ICICI Direct estimates Q4 PROFIT at 135 crores. Thus, Big miss even here
*Another big setback*
It is reliably learnt that SCI's long-standing and big client ONGC has already served notice to SCI to end their contract ( one month notice required) as ONGC getting cheaper rates from a Chinese co. Loss of ONGC biz can be a big setback to fortunes of SCI.
Intraday TP Rs 61-63.
Rs 55-56 in June
SELL SELL
*This info should be as accurate as our info on Cipla, B Auto,Icici Axis,Exide*
Shipping Corpn of India:
Q4 Results today:
SCI is sailing in choppy seas. SCI is set to announce horrible results for Q4 today:
*Q4 should have LOSS of more than 10crores as against NP of 101 cr in quarter ended March15*
Thus there is turn back of 110 crores YoY.
ICICI Direct estimates Q4 PROFIT at 135 crores. Thus, Big miss even here
*Another big setback*
It is reliably learnt that SCI's long-standing and big client ONGC has already served notice to SCI to end their contract ( one month notice required) as ONGC getting cheaper rates from a Chinese co. Loss of ONGC biz can be a big setback to fortunes of SCI.
Intraday TP Rs 61-63.
Rs 55-56 in June
SELL SELL
*This info should be as accurate as our info on Cipla, B Auto,Icici Axis,Exide*
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