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GE Shipping spurts on securing RBI’s approval for upping FII limit

13 Feb 2014 Evaluate

The Great Eastern Shipping Company is currently trading at Rs. 292.15, up by 7.90 points or 2.78 % from its previous closing of Rs. 284.25 on the BSE.

The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 298.45 and Rs. 287.00 respectively. So far 9732 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 329.20 on 02-Jan-2014 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. 295.85 and Rs. 282.70 respectively. The current market cap of the company is Rs. 4410.73 crore.

The promoters holding in the company stood at 30.16 % while Institutions and Non-Institutions held 40.13 % and 29.51 % respectively.

Reserve Bank of India (RBI) has allowed Great Eastern Shipping Company (GE Shipping) to increase its foreign institutional investor (FII) limit. With this, FII's can now purchase through the primary market and stock exchanges up to 33 per cent of the paid-up capital of GE Shipping under the Portfolio Investment Scheme.

The company has passed a special resolution to enhance the limit for the purchase of its equity shares and convertible debentures by FIIs.

As per data available, Promoters held 30.16% stake in December quarter, Foreign and Domestic Institutional Investors holding stood at 24.13% and 16.00% respectively, while retail investors’ holding in company was at 29.71%.

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

1425.30 44.05 (3.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

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