Highest Dividend Yield Likely

*Shipping Corpn of India*

1) Equity.                465Cr
2) _NetWorth.      7083Cr_
3) PAT FY16.          377Cr
4)OneTime Exp.    135Cr
    In FY16
_5)CASH IN HAND1250Cr_
6) Equity with GOI.   65%
7) Equity with MF.     20%
8) FIT.                            3%
9) Public.                    12%
10) Baltic freight Index up from 290 to 800
11) New MD from Pvt sector
*12) As per DPE guidelines, Co should declare Dividend 5% of Network or 30% of NP whichever is Higher. It means SCI will have to pay Dividend of Rs 7 per share for FY17*

At CMP, Div yield 10%

Interim Div of Rs 2 likely with Q2

52week high Rs 100

In last 2 weeks, shipping stock like Essar have risen 50%.

SCI TP 85-90