G E Shipping inches up on delivering Suezmax Crude Carrier ‘Jag Lateef’ to buyers

29 Dec 2020

The Great Eastern Shipping Company is currently trading at Rs. 264.25, up by 1.45 points or 0.55% from its previous closing of Rs. 262.80 on the BSE.

The scrip opened at Rs. 269.80 and has touched a high and low of Rs. 273.00 and Rs. 262.35 respectively. So far 12600 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. 273.00 and Rs. 252.05 respectively. The current market cap of the company is Rs. 3862.28 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 delivered its 2000 built Suezmax Crude Carrier ‘Jag Lateef’ to the buyers. The vessel was contracted for sale in November 2020.

The company’s current fleet stands at 46 vessels, comprising 33 tankers (10 crude carriers, 18 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.24 years aggregating 3.66 mn dwt. The company has contracted to buy a Secondhand Capesize Bulk Carrier which is expected to be delivered in H2 FY20-21. The company has contracted to sell its oldest Suezmax Crude Carrier ‘Jag Laadki’ which is expected to be delivered to the buyers in H2 FY20-21. The company has also contracted to sell its 2006 built Supramax Bulk Carrier ‘Jag Roopa’ which is expected to be delivered to the buyers in H2 FY20-21.

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

398.15 -11.30 (-2.76%) May 18, 15:35
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Peers
Company Name CMP
Shipping Corpn. 112.30
GE Shipping 398.15
Dredging Corp 392.00
Shreyas Shipping 110.80
Essar Shipping 9.47
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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