Rs 1 Lakh Invested Turned Into Rs 1.63 Lakh: This Parag Parikh Flexi Cap Fund-Backed Shipping Company Hits Fresh 52-Week High

Great Eastern Shipping Company share price has registered a fresh 52-week high on Thursday despite a sharp sell-off seen in the Indian markets. As of March 12, 2026, the share price of GE Shipping was trading at Rs 1,461.20, which is  2.45 per cent, marking a new 52-week high.

Great Eastern Shipping Share Price Up 63% in One-Year 

Over the past one year, the shares of Great Eastern Shipping Company Ltd (GE Shipping) have delivered an absolute return of 63.62 per cent. Around a year ago, the stock was trading at approximately Rs 895 per share, while it is currently trading at about Rs 1,461.20 per share, resulting a notable change in its market price over the past 12 months.

If an investor had invested Rs 1,00,000 in the stock a year ago at Rs 895 per share, they would have received roughly about 112 shares. At the current market price of Rs 1,461.20, the value of those shares would now stand at around Rs 1.63 lakh.

Strait of Hormuz Tensions Support Shipping Stocks

Shipping stocks have been gaining attention amid rising tensions in the Strait of Hormuz, one of the world’s busiest energy shipping routes. The Strait handles nearly 20 per cent of global oil trade, and any disruption in this route can affect the movement of oil and gas shipments. If vessels face delays, higher insurance costs, or are required to take longer routes, the overall shipping time increases, and vessel availability becomes tighter.

These factors can lead to higher freight rates for transporting crude oil, LNG, and other cargo. As freight rates increase, shipping companies may benefit from improved charter rates, which is one of the reasons shipping-related stocks have been seeing interest in the market.

Parag Parikh Flexi Cap Fund Holds Stake in GE Shipping

As of the latest portfolio data dated February 28, 2026, the Parag Parikh Flexi Cap Fund holds a stake in Great Eastern Shipping Company Ltd. The fund has an ownership of approximately 1.23 per cent in the company.

GE Shipping Reported Strong Results for Q3 FY 2026

On a YoY basis, Revenue increased to Rs 1,454 crore from Rs 1,237 crore, resulting a growth of around 17.5 per cent. Operating profit surges to Rs 836 crore from Rs 611 crore, showing a growth of 36.8 per cent, while net profit increased to Rs 813 crore from Rs 594 crore, registering a growth of around 36.9 per cent.

Increase in Oil and Bulk Trade Supports Shipping Sector

Several global developments have supported activity in the shipping sector. OPEC increased oil production, which led to a higher volume of crude cargo moving across global routes. In addition, oil output from countries such as Guyana and Brazil has increased by around 1 million barrels per day compared to last year, adding more cargo to the global shipping market

At the same time, the dry bulk segment also saw higher demand, supported by strong iron ore trade. China imported around 40 million tonnes more iron ore during the quarter, which supported vessel demand, particularly for Capesize ships.

About the Company

Great Eastern Shipping Company Ltd is one of India’s largest private sector shipping companies and has a strong presence in the global maritime industry. The company was incorporated in 1948 and is headquartered in Mumbai, India. It primarily transports crude oil, petroleum products, liquefied gas, and dry bulk commodities through its fleet of vessels operating across international shipping routes.

Great Eastern Shipping Company Ltd has a market capitalisation of around Rs 20,788 crore and trades at a P/E ratio of about 9.15. The company reports a return on capital employed (ROCE) of around 13.9 per cent and a return on equity (ROE) of about 14.1 per cent. Over the last five years, the company has delivered a profit growth of around 85.1 per cent CAGR.

Disclaimer: The article is for informational purposes only and not investment advice.