Shares of the Shipping Corporation of India (SCI) surged over 16% today, reaching an intraday high of 259.87 on the NSE. This massive rally follows a blockbuster earnings report for the third quarter of FY26, which has shifted market sentiment firmly into a bullish phase. The PSU reported a staggering 440% year-on-year jump in consolidated net profit, which climbed to 405 crore compared to 75.52 crore in the same period last year. Revenue from operations also saw a healthy increase of 22.5%, reaching 1,612 crore. Performance was led by the tanker segment, which remains the company’s primary engine of growth. Revenue from tankers rose 34% to 1,097 crore, contributing nearly 94% of the total operating profit. The bulk carrier segment also showed strength, with revenues rising to 237.5 crore. Investors were further rewarded as the board declared a second interim dividend of 3.50 per share. The record date for this 35% payout is set for February 17, 2026, with payments expected to be processed within 30 days. Strategic expansion remains a key focus for SCI. The company is moving forward with plans to acquire new gas carriers to bolster its long-term capacity. This comes amid broader industry shifts, including the Indian Ports Bill 2026 and new green shipping initiatives aimed at modernizing the national maritime infrastructure. The stock is currently trading above all its major moving averages, including the 50-day and 200-day lines. Technical indicators suggest strong buying interest, with the company's market capitalization now crossing the 12,000 crore mark. Ongoing developments regarding the government's disinvestment process continue to be a focal point for stakeholders. While non-core assets have been successfully demerged into a separate entity, the core shipping business remains well-positioned to capitalize on stable tanker rates and increasing energy transportation demands.