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GE Shipping gains on taking delivery of secondhand medium range product tanker

16 Jun 2017

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 406.00, up by 0.55 points or 0.14% from its previous closing of Rs. 405.45 on the BSE.

The scrip opened at Rs. 405.90 and has touched a high and low of Rs. 406.00 and Rs. 405.60 respectively. So far 1,078 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.00 on 21-Apr-2017 and a 52 week low of Rs. 296.60 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 417.70 and Rs. 372.25 respectively. The current market cap of the company is Rs. 6,184.00 crore.

The promoters holding in the company stood at 30.22%, while Institutions and Non-Institutions held 42.61% and 27.16% respectively.

GE Shipping has taken delivery of a Secondhand Medium Range Product Tanker ‘Jag Pavitra’ (2008 Built) of about 51,464 dwt. The company had contracted to buy the vessel in April 2017.

The company’s current fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.62 years aggregating 3.80 mn 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

401.55 -0.20 (-0.05%) Jun 23, 18:01
1 Year Price Chart
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323