PSU battle, Nov. 12 -- 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 Rs.577.76 crore in Q2FY27 against Rs.189.16 crore reported in the year-ago period. Whereas, GRSE's net profit jumped to Rs.172 crore, up 12% from Rs.154 crore re...