11 July 2024: Shipping stocks surged 20% on anticipation of the Indian government's proposed Maritime Development Fund, Harit Nauka scheme, in the Union Budget.
11 July 2024: Shipping stocks surged up to 20% in the BSE, with Shipping Corporation of India leading the gains, rising to an all-time high of Rs 328.90. The rally was attributed to anticipation of the government's proposal for the creation of a Maritime Development Fund, named Harit Nauka scheme, in the Union Budget. Other gainers included Great Eastern Shipping Company, Essar Shipping, and Sadhav.
July 11, 2024
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