GE Shipping trades higher on the bourses

13 Jun 2016

GE Shipping is currently trading at Rs. 308.75, up by 1.85 points or 0.60% from its previous closing of Rs. 306.90 on the BSE.

The scrip opened at Rs. 319.00 and has touched a high and low of Rs. 319.00 and Rs. 306.00 respectively. So far 1,686 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420.00 on 10-Nov-2015 and a 52 week low of Rs. 275.00 on 02-Mar-2016.

Last one week high and low of the scrip stood at Rs. 319.00 and Rs. 302.50 respectively. The current market cap of the company is Rs. 4,702.00 crore.

The promoters holding in the company stood at 30.51% while Institutions and Non-Institutions held 42.38% and 27.10% respectively.

The Great Eastern Shipping Company (GE Shipping) took delivery of Secondhand Very Large Gas Carrier ‘Jag Vidhi’. The vessel of about 76,931 cbm was built in 1996. The company had contracted to buy vessel in April 2016.

With the inclusion of this vessel, company’s current fleet stands at 32 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 9 dry bulk carriers (4 Kamsarmax, 5 Supramax) with an average age of 10.3 years aggregating 2.40 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

398.30 20.20 (5.34%) May 14, 16:39
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323