GE Shipping trades in green on the BSE

19 Aug 2013

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 245.50 , up by 0.20 points or 0.08% from its previous closing of Rs. 245.30 on the BSE.

The scrip opened at Rs. 243.10 and has touched a high and low of Rs. 247.00 and Rs. 243.10 respectively. So far 1143 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. 199.25 on 24-Jun-2013.

Last one week high and low of the scrip stood at Rs. 250.00 and Rs. 236.00 respectively. The current market cap of the company is Rs. 3738.75 crore.

The promoters holding in the company stood at 29.86% while Institutions and Non-Institutions held 40.84% and 29.09% respectively.

The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a Medium Range (MR) product tanker of about 51,300 dwt. The 2005 built vessel is expected to join the company’s fleet during Q2FY2014. The company’s current fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 11 product tankers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 9.0 years aggregating 2.32 million dwt.

The company’s current order book (excluding this vessel) stands at 5 vessels comprising 2 new building Kamsarmax dry bulk carriers, 1 new building Medium Range (MR) product tanker, 1 second hand 2004 built Medium Range (MR) product tanker and 1 second hand 1994 built Very Large Gas Carrier (VLGC).

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:

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SEBI Registered: Investment Adviser - INA000013323