G E Shipping jumps on delivering 2004 built medium range product tanker `Jag Pranam` to buyers
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The Great Eastern Shipping Company is currently trading at Rs. 1384.70, up by 39.30 points or 2.92% from its previous closing of Rs. 1345.40 on the BSE.
The scrip opened at Rs. 1344.85 and has touched a high and low of Rs. 1401.40 and Rs. 1331.00 respectively. So far 65171 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. 725.40 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1401.40 and Rs. 1294.85 respectively. The current market cap of the company is Rs. 19801.81 crore.
The promoters holding in the company stood at 30.07%, while Institutions and Non-Institutions held 41.86% and 28.06% respectively.
Great Eastern Shipping Company (G E Shipping) has delivered its 2004 built Medium Range Product Tanker ‘Jag Pranam’ to the buyers. The vessel was contracted for sale in May 2024. Excluding Jag Pranam, 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, it had contracted to sell one MR product tanker in July 2024 and buy one MR product tanker in June 2024, which are due for deliveries in CY 2024.
Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.
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