# Shipping Corp Shares Jump 4% as SCI Targets 2000 Cr Profit

> Shipping Corporation of India shares surged 4% today after Union Minister Sarbananda Sonowal cited plans to hit ₹2,000 crore profit this fiscal year.
- Title: Shipping Corp Shares Jump 4% as SCI Targets 2000 Cr Profit
- Summary: Shipping Corporation of India shares surged 4% today after Union Minister Sarbananda Sonowal cited plans to hit ₹2,000 crore profit this fiscal year…
- Keywords: shipping corporation of india, nse, sensex, nifty, profit target, container manufacturing assistance schem, cmas, money, business, Shipping, Corp, Shares
- Source: mint — https://livemint.com/market/stock-market-news/116-up-in-5-years-shipping-corporation-of-india-share-price-jumps-4-today-heres-why-and-what-should-investors-do-11791173242399.html
- Author: Vaamanaa Sethi
- Published: 2026-10-05T04:46:06+00:00
- Read time: 1 min
- Topics: shipping corporation of india, sc, nse, sensex, nifty, profit target, container manufacturing assistance schem, cmas, money, business
## Share Price Jump
Shipping Corporation of India shares rose 4% today on NSE after opening at ₹272 per share, hitting an intraday high of ₹287.50.
## Market Recovery
The Sensex rose 452.84 points to 72,362.54, while the Nifty gained 121.10 points to 22,543.05, both showing strong recovery.
## Profit Target
Union Minister Sarbananda Sonowal stated Shipping Corporation of India aims for ₹2,000 crore profit after tax this fiscal year.
## Fleet Expansion
The company plans to add 30 vessels and 51 container vessels to its fleet, according to Union Minister Sonowal.
## Recent Performance
Shipping Corporation of India shares gained 21.15% year-to-date and 21.60% over the past year, showing sustained positive momentum.
## Long-Term Growth
SCI has delivered 85.15% returns over three years and 116.76% over five years, reflecting strong historical performance.
## Technical Analysis
Analysts note ₹282 as immediate resistance; breaking above this level could push shares toward ₹294 and ₹305.
## Key takeaway

Shipping Corporation of India shares rose 4% on Monday as Union Minister Sarbananda Sonowal announced plans to achieve ₹2,000 crore profit for the current fiscal year.