G E Shipping surges on taking delivery of Japanese secondhand Supramax Bulk Carrier ‘Jag Rajiv’

17 May 2021 Evaluate

The Great Eastern Shipping Company is currently trading at Rs. 415.00, up by 16.70 points or 4.19% from its previous closing of Rs. 398.30 on the BSE.

The scrip opened at Rs. 412.65 and has touched a high and low of Rs. 429.00 and Rs. 412.55 respectively. So far 85298 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.00 on 17-May-2021 and a 52 week low of Rs. 189.20 on 01-Jun-2020.

Last one week high and low of the scrip stood at Rs. 429.00 and Rs. 370.05 respectively. The current market cap of the company is Rs. 6089.56 crore.

The promoters holding in the company stood at 29.21%, while Institutions and Non-Institutions held 43.80% and 26.98% respectively.

The Great Eastern Shipping Company (G E Shipping) has taken delivery of a 2013 built Japanese secondhand Supramax Bulk Carrier ‘Jag Rajiv’ of about 56,103 dwt. The company had contracted to buy the vessel in Q4 FY21.

Including this vessel, the Company’s current fleet stands at 47 vessels, comprising 33 tankers (9 crude carriers, 18 product tankers, 6 LPG carrier) and 14 dry bulk carriers with an average age of 11.98 years aggregating 3.72 mn dwt.

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

1004.85 9.20 (0.92%)
28-Mar-2024 14:38 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 210.15
GE Shipping 1004.85
Dredging Corp 678.10
Shreyas Shipping 260.55
Seamec 1070.05
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