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GE Shipping gains on getting nod to increase FII limit to 33%

11 Nov 2013 Evaluate

Great Eastern Shipping Company is currently trading at Rs 292.00, up by 3.15 points or 1.09% from its previous closing of Rs 288.85 on the BSE.

The scrip opened at Rs 301.00 and has touched a high and low of Rs 305.95 and Rs 291.00 respectively. So far 71575 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs 325.00 on 26-Sep-2013 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 303.00 and Rs 272.00 respectively. The current market cap of the company is Rs 4430.04 crore.

The promoters holding in the company stood at 30.13% while Institutions and Non-Institutions held 40.92% and 28.73% respectively.

Great Eastern Shipping Company (GE Shipping) has received an approval for increasing the limit of shareholding by Foreign Institutional Investors (FII) under the Portfolio investment Scheme from 24% up to 33% of the paid-up equity share capital of the company, subject to approval of the members of the company. The board of directors at its meeting held on November 08, 2013 has approved for the same.

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

1528.60 4.65 (0.31%)
06-May-2026 10:10 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 310.70
GE Shipping 1528.60
Dredging Corp 954.60
Seamec 1568.00
Shreeji Ship.Global 428.00
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