Great Eastern Shipping Company rises on reporting 85% rise in Q2 consolidated net profit

09 Nov 2015

Great Eastern Shipping Company is currently trading at Rs. 388.00, up by 15.75 points or 4.23% from its previous closing of Rs. 372.25 on the BSE.

The scrip opened at Rs. 382.95 and has touched a high and low of Rs. 389.00 and Rs. 382.00 respectively. So far 3,391 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.00 on 21-Nov-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. 390.00 and Rs. 368.65 respectively. The current market cap of the company is Rs. 5,910.00 crore.

The promoters holding in the company stood at 30.42% while Institutions and Non-Institutions held 41.91% and 27.41% respectively.

The company has reported over two fold jump rise in its net profit at Rs 249.23 crore for the quarter ended September 30, 2015 as compared to Rs 108.15 crore for the same quarter in the previous year. The company’s total income has increased by 17.91% to Rs 646.93 crore for the quarter under review from Rs 548.77 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 85.19% rise in its net profit after taxes at Rs 382.67 crore for the quarter ended September 30, 2015 as compared to Rs 206.64 crore for the same quarter in the previous year. Total income of the company has increased by 13.70% at Rs 1089.90 crore for quarter under review as compared to Rs 958.60 crore for the quarter ended September 30, 2014.


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GE Shipping Share Price

312.05 3.50 (1.13%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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