The Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 309.50, up by 2.70 points or 0.88% from its previous closing of Rs. 306.80 on the BSE.
The scrip opened at Rs. 308.50 and has touched a high and low of Rs. 312.00 and Rs. 308.00 respectively. So far 2,590 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. 314.00 and Rs. 296.60 respectively. The current market cap of the company is Rs. 4,714.37 crore.
The promoters holding in the company stood at 30.51%, while Institutions and Non-Institutions held 42.38% and 27.10% respectively.
GE Shipping has signed an MOA to purchase a second hand capesize dry bulk carrier (2011 built) of about 179,250 dwt. The ship, built at Hyundai Heavy Industries, is likely to join the company’s fleet in Q2 of FY17.
The 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 2.4 mn dwt.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.
