Maritime PSU face-off: SCI vs GRSE - Which PSU stock to buy after Q2 results? Profit, dividend, and technical targets

Detailed summary

Shipping Corporation of India’s Q2 FY27 net profit rose 205% to ₹577.76 crore, while Garden Reach Shipbuilders & Engineers’ profit increased 12% to ₹172 crore. Both PSU stocks rallied recently, with analysts noting recovery signals in SCI and potential fresh-entry opportunities in GRSE.

PSU battle: Shares of Shipping Corporation of India Limited (SCI) and Garden Reach Shipbuilders & Engineers Limited have rallied over the past seven days after the announcement of second quarter results for the financial year 2026-27.

SCI’s consolidated net profit more than doubled during the second quarter of FY27, whereas GRSE’s net profit increased by 12% on an annual basis. Out of the two maritime PSUs, Shipping Corporation of India announced an interim dividend during the quarter.

Shipping Corporation of India’s net profit increased by 205% on an annual basis to ₹577.76 crore in Q2FY27 against ₹189.16 crore reported in the year-ago period. Whereas, GRSE’s net profit jumped to ₹172 crore, up 12% from ₹154 crore reported in the year-ago period.

SCI’s net revenue surged to ₹2290.73 crore during the quarter under review, against ₹1338.87 crore reported in the year ago period. GRSE’s net revenue from operations surged to ₹1826.69 crore in Q2FY27, against ₹1677.38 crore in Q2FY26.

Shipping Corporation of India’s board of directors approved an interim dividend for the financial year 2026-27. The board declared an interim dividend of ₹4 per equity share with a face value of ₹10 each, which is 40% for FY27. The board has fixed November 16 as the record date to determine eligibility of shareholders for the payout.

SCI’s share price is showing signs of recovery after bouncing from its support zone, whereas, investors can consider fresh entry in GRSE, as per technical analysis of the two maritime PSU stocks by Virat Jagad Sr. Technical Research Analyst at Bonanza.

“Shipping Corporation of India is showing signs of recovery after bouncing from the ₹235–240 support zone and reclaiming its 20 EMA. RSI near 52 indicates improving momentum, but the stock remains below its 50, 100 and 200 EMAs, suggesting overhead resistance. The descending trendline near ₹285 remains a major hurdle.

For GRSE, investors can consider fresh entry, by executing ‘buy on dips’ strategy at ₹2,160 - ₹2,205…

“P…

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