GE Shipping strengthens on reporting two-fold jump in Q3 consolidated net profit

08 Feb 2013

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 247.95, up by 6.75 points or 2.80% from its previous closing of Rs. 241.20 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 254.90 and Rs. 245.00 respectively. So far 16502 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 291.50 on 19-Dec-2012 and a 52 week low of Rs. 224.00 on 27-Feb-2012.

Last one week high and low of the scrip stood at Rs. 247.50 and Rs. 232.00 respectively. The current market cap of the company is Rs. 3777.59 crore.

The promoters holding in the company stood at 29.86% while Institutions and Non-Institutions held 40.12% and 29.79% respectively.

GE Shipping has reported results for third quarter ended December 31, 2012.

The company has reported over two and a half fold jump in its net profit at Rs 75.13 crore for the quarter as compared to Rs 28.71 crore for the same quarter in the previous year. Total income from operation of the company has increased by 11.44% at Rs 465.52 crore for quarter under review as compared to Rs 417.75 crore for the quarter ended December 31, 2011.

The company, on consolidated basis, posted growth of over two-fold in its net profit at Rs 191.64 crore for the quarter as compared to Rs 87.46 crore for the same quarter in the previous year. Total income from operation of the company increased marginally by 0.38% at Rs 759.05 crore for quarter under review as compared to Rs 756.17 crore for the quarter ended December 31, 2011.

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GE Shipping Share Price

312.05 3.50 (1.13%) Feb 26, 18:55
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Company Name CMP
Shipping Corpn. 99.95
GE Shipping 312.05
Dredging Corp 411.70
Shreyas Shipping 81.05
Essar Shipping 9.10
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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