GE Shipping gains on taking delivery of new Kamsarmax Dry Bulk Carrier

02 Sep 2015

GE Shipping is currently trading at Rs. 365.30, up by 5.30 points or 1.47% from its previous closing of Rs. 360.00 on the BSE.

The scrip opened at Rs. 369.80 and has touched a high and low of Rs. 369.80 and Rs. 358.05 respectively. So far 3275 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.00 on 16-Sep-2014 and a 52 week low of Rs. 326.75 on 05-Feb-2015.

Last one week high and low of the scrip stood at Rs. 376.25 and Rs. 350.00 respectively. The current market cap of the company is Rs. 5442.30 crore.

The promoters holding in the company stood at 30.41% while Institutions and Non-Institutions held 41.85% and 27.54% respectively.

The Great Eastern Shipping Company (GE Shipping) has taken delivery of its new building Kamsarmax dry bulk carrier ‘Jag Aakash’. The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines.

With the inclusion of this vessel, company’s current fleet stands at 30 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, 1 LPG carrier) and 9 dry bulk carriers (4 Kamsarmax, 5 Supramax) with an average age of 9.6 years aggregating 2.40 million dwt. The order book comprises 3 dry bulk carriers and 1 product tanker.

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

398.30 20.20 (5.34%) May 14, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323