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GE Shipping surges on inking contract to sell ‘Jag Vidhi’

04 Jul 2014

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 373.50, up by 6.45 points or 1.76 % from its previous closing of Rs. 367.05 on the BSE.

The scrip opened at Rs. 371.00 and has touched a high and low of Rs. 394.00 and Rs. 371.00 respectively. So far 30373 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.00 on 04-July-2014 and a 52 week low of Rs. 208.00 on 16-Jul-2013.

Last one week high and low of the scrip stood at Rs. 394.00 and Rs. 360.25 respectively. The current market cap of the company is Rs. 5645.09 crore.

The promoters holding in the company stood at 30.50% while Institutions and Non-Institutions held 39.84% and 29.45% respectively.

(GE Shipping) has signed a contract to sell ‘Jag Vidhi’, a very large gas carrier. The 1990 built vessel is around 49,701 dwt will be delivered to the buyers in H2 2014-15.

Excluding ‘Jag Vidhi’, the company’s current fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 12 product tankers) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 9.5 years aggregating 2.32 million dwt.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

410.60 6.80 (1.68%) Jun 16, 18:01
1 Year Price Chart
Peers
Company Name CMP
Shipping Corpn. 114.90
GE Shipping 410.60
Dredging Corp 419.25
Shreyas Shipping 189.95
Essar Shipping 11.42
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Sensex vs GE Shipping
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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