GE Shipping moves up on taking delivery of ‘Jag Prabha’

20 Aug 2013

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 245.00, up by 0.10 points or 0.04% from its previous closing of Rs. 244.90 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 246.90 and Rs. 243.30 respectively. So far 3216 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. 240.40 respectively. The current market cap of the company is Rs. 3744.84 crore.

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

GE Shipping has taken delivery of a 2004 built Medium Range (MR) product carrier ‘Jag Prabha’ of about 47,900 dwt. Following the induction of ‘Jag Prabha’, the company’s current fleet stands at 29 vessels, comprising 21 tankers (8 crude carriers, 12 product carriers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 9.0 years aggregating 2.37 mn dwt.

The company’s current book stands at 5 vessels comprising 2 new building Kamsarmax dry bulk carriers, 1 new building medium range product tanker, 1 second hand 2005 built medium range 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:

GE Shipping Share Price

378.10 -13.15 (-3.36%) May 12, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323