Shipping, Logistics Stocks Soar on Iran De-escalation Hopes; SCI, Delhivery Up 7%

• Shipping and logistics firms rallied on Wednesday amid indications of a possible de-escalation in the West Asia conflict.
• Statements from Iranian authorities and US President Donald Trump signaled potential easing of tensions, boosting market confidence.
• Great Eastern Shipping, SCI, Shreeji Shipping Global, Seamec, Delhivery, Blue Dart Express, and Allcargo Logistics saw significant gains.
• Analysts note shipping stocks benefit as Strait of Hormuz is a vital trade route, and reduced conflict risk lowers costs and improves profitability.
• Garden Reach Shipbuilders & Engineers surged over 16% on record annual turnover, positively impacting other defense shipbuilding stocks like Cochin Shipyard and Mazagon Dock Shipbuilders.