Breakout Ready Stock | Keep On watchThe technical setup for SCILAL is currently one of the most compelling "value unlock" stories on the board. After a painful period of sideways consolidation near its 52-week lows, the stock is finally showing signs of life, breaking out from a tight ₹43–₹45 range with renewed momentum. Your marked targets of ₹52 and ₹60 align perfectly with historical resistance zones and previous swing highs. As long as the stock stays comfortably above the ₹42.80 support level, the bullish thesis remains intact, suggesting that the "bottom is in" and the next leg of the rally is just beginning.
Supporting this breakout is a wave of fresh fundamental news that provides the "why" behind the price move. Just this past week (February 4, 2026), SCILAL reported its Q3 results showing a 10% YoY growth in net profit, largely driven by its rental and interest income. Even more significant for long-term holders is the Union Budget 2026 announcement regarding dedicated REITs for PSU land assets. This provides a clear, professional framework for SCILAL to finally monetize its massive land bank—something the market has been waiting for since the demerger from SCI.
With the government extending the CMD’s leadership for another year to ensure continuity and a 48% increase in the shipping ministry’s budget allocation, the macro environment has shifted from "uncertain" to "supportive." We are looking at a debt-free company trading at an attractive price-to-book ratio, right as the technicals signal a major trend reversal. If the volume continues to pick up, the move toward ₹60 could happen much faster than the previous consolidation period
Long
