G E Shipping inches up on delivering 2005 built Medium Range Product Tanker `Jag Pranav`
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The Great Eastern Shipping Company is currently trading at Rs. 1203.40, up by 2.65 points or 0.22% from its previous closing of Rs. 1200.75 on the BSE.
The scrip opened at Rs. 1212.50 and has touched a high and low of Rs. 1212.50 and Rs. 1200.00 respectively. So far 3575 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1542.80 on 11-Jul-2024 and a 52 week low of Rs. 728.10 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1232.65 and Rs. 1182.00 respectively. The current market cap of the company is Rs. 17142.77 crore.
The promoters holding in the company stood at 30.07%, while Institutions and Non-Institutions held 41.86% and 28.06% respectively.
The Great Eastern Shipping Company (G E Shipping) has delivered its 2005 built Medium Range Product Tanker ‘Jag Pranav’ to the buyers. The vessel was contracted for sale in July 2024. Excluding Jag Pranav, the company’s current fleet stands at 42 vessels, comprising 28 tankers (6 Crude carriers, 18 Product carriers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.36 Mn dwt.
Additionally, the company had contracted to sell one Supramax drybulk carrier in Aug 2024 and one Suezmax crude tanker in Sep 2024, which are due for deliveries by Q3 FY25.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.
