Scrip of Great Eastern Shipping takes the high tide by 2%
DSIJ Intelligence / 04 Sep 2017
The shares of Great Eastern Shipping shot up by over 2% during Monday’s morning session. The stock was trading up by 2.29% at Rs 405 per share on the BSE at 0917 hours.
The shares of Great Eastern Shipping shot up by over 2% during Monday’s morning session. The stock was trading up by 2.29% at Rs 405 per share on the BSE at 0917 hours. The company informed that it has signed a contract to buy a secondhand medium gas carrier of about 35,420 cbm. The 1997-built vessel is expected to join the company’s fleet in Q2FY18.
The company’s current fleet stands at 46 vessels, comprising 30 tankers and 16 dry bulk carriers with an average age of 9.76 years aggregating 3.80 million dwt. Additionally, the company has committed to purchase one second hand LR2 product carrier. Meanwhile, the stock attracted total traded volume of 5,294 shares and traded value of Rs 21.38 lakhs on the NSE at 0918 hours. Its 52-week high stood at Rs 477.50 per share as on April 21, 2017 and 52-week low was at Rs 336.45 per share as on November 9, 2016.
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