GE Shipping inches up on signing contract to buy Secondhand Capesize Bulk Carrier

17 Nov 2020 Evaluate

The Great Eastern Shipping Company is currently trading at Rs. 240.95, up by 0.90 points or 0.37% from its previous closing of Rs. 240.05 on the BSE.

The scrip opened at Rs. 239.90 and has touched a high and low of Rs. 241.40 and Rs. 239.85 respectively. So far 834 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.35 on 17-Jan-2020 and a 52 week low of Rs. 168.95 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 242.70 and Rs. 221.00 respectively. The current market cap of the company is Rs. 3527.93 crore.

The promoters holding in the company stood at 29.49%, while Institutions and Non-Institutions held 44.21% and 26.31% respectively.

Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand Capesize Bulk Carrier. The 2014 Philippines built vessel is expected to join the company's fleet in H2 FY21.

The company's current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.39 years aggregating 3.70 mn dwt. The company has also contracted to buy a secondhand LR2 tanker which will be delivered to us in Q3 FY21.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

GE Shipping Share Price

1000.15 4.50 (0.45%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 208.75
GE Shipping 1000.15
Dredging Corp 676.50
Shreyas Shipping 252.05
Seamec 1070.05
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