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Monday, August 22, 2016

Shreyas Shipping Share Price Grows Almost 10%

Shreyas ShippingFor the quarter ended 30th June 2016, Shreyas Shipping recorded a drop in the net profit from 62.2 per cent to Rs 6.2 crore. Shreyas Shipping in the first quarter of the financial year 2016 recorded a net profit of Rs 16.4 crore.
In the first quarter of fiscal 2017, revenue of Shreyas Shipping increased by 23.3 per cent at Rs 167.2 crore. For the first quarter of fiscal year 2016 the Company’s income was of 135.6 million.
However, Shreyas Shipping share price made a high of Rs 347.00. The share price closed at Rs 334.00, up by 8.57 per cent. The intraday low was Rs 310.20. The share price opened at Rs 251.90 from a previous closing of Rs 247.40.
The Market Cap of the Company is Rs 543.23 crore as of today. The promoter holding pledge of the Company is 0. The P/E Ratio is 13.97. The face value of the share is 10. The 52 week high 614.00 made on 20th August 2016 and the 52 week low is 133.85 made on 17th February 2016. The book value of the Company is 108.71.
Shreyas Shipping & Logistics is an Indian flagged vessel owning unit of Transworld Group. It is a pioneer and market leader in the domestic coastal container shipping covering all main ports and container terminals on the Indian coast. Shreyas Shipping, which has a fleet of 9 vessels with a capacity of over 13500 TEUs, also offers services to the Middle East and Bangladesh. The company operates all its services on a fixed day weekly schedule and is listed on Bombay Stock Exchange and National Stock Exchange of India Ltd.

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