GE Shipping Share Price Escalates on the Bourses

GE Shipping share price is currently trading at Rs. 362, up by 1points or 0.28 per cent from its previous closing of Rs. 361on the NSE. The scrip opened at Rs. 363 and has touched a high and low of Rs. 363.50 and Rs. 360.85 respectively. So far 19,319 shares were traded on the counter with a traded value of 69.68 lacs, as per NSE.

The stock has a face value Rs. 10 has touched a 52 week high of Rs. 398.90
on 1^st Nov ‘16 and a 52 week low of Rs. 274.65 on 2^nd March ’16. Last one week high and low of the scrip stood at Rs. 379.40 and Rs. 360.00 respectively. The current market cap of the company is Rs. 5443.05 (Cr).

GE Shipping has taken delivery of a secondhand Supramax Dry Bulk Carrier ‘Jag Radha’ (2009 Built) of about 58,000 dwt. The company had contracted to buy the vessel in October 2016.

With the inclusion of this vessel, the company’s current fleet stands at 38 vessels, which comprises 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carrier) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmax, 6 Supramax) with an average age of 8.89 years aggregating 2.94 million dwt. Additionally, the company has 1 New building Kamsarmax and 2 Secondhand Aframaxes on order.

Great Eastern Shipping Company, incorporated in the year 1948, is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

For the quarter ended 30^th Sept 2016, the company has reported consolidated sales of Rs. 794.51 Cr., down from last quarter Sales of Rs.799.36 Cr. and down from last year same quarter Sales of Rs 1007.27 Cr. Company has reported net profit after tax of Rs.  268.75 Cr. in latest quarter.Dynamic Levels have identified GE Shipping as one of the top 500 performing stocks for this quarter out of the 1700 stocks listed on the NSE. For further details on the stock, refer to GE Shipping share price history.