Seacoast Shipping Services soars on signing business contract with Maria Shipping in Dubai
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Seacoast Shipping Services is currently trading at Rs. 3.56, up by 0.15 points or 4.40% from its previous closing of Rs. 3.41 on the BSE.
The scrip opened at Rs. 3.44 and has touched a high and low of Rs. 3.66 and Rs. 3.35 respectively. So far 7068819 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.75 on 18-Feb-2022 and a 52 week low of Rs. 2.05 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3.95 and Rs. 3.30 respectively. The current market cap of the company is Rs. 119.18 crore.
The promoters holding in the company stood at 52.88%, while Non-Institutions held 47.12% stake in the company.
Seacoast Shipping Services has signed a new business contract with Maria Shipping Fze., Dubai. The contract was signed on February 20, 2023 and the nature of contract is for providing the Shipping and Logistic Services at Dubai and will be effective from April 1, 2023 for a period of one year and can be renewed further.
This new contract marks an important milestone for the company and is a testament to its commitment to providing high-quality services. The company is thrilled to be partnering with Maria Shipping Fze., who share the company’s values and vision for Industry and this shall translate to an additional revenue of around Rs 100 crore per annum.
Seacoast Shipping Services is a young, progressive organisation providing single window logistics services to exporters and importers.
