Tuesday 21 January 2014

Shreyas Shipping & Logistics gains as its arm bags contract from FCl

Shreyas Shipping & Logistics is currently trading at Rs. 26.85, up by 1.45 points or 5.71% from its previous closing of Rs. 25.40 on the BSE.

The scrip opened at Rs. 25.40 and has touched a high and low of Rs. 26.90 and Rs. 25.40 respectively. So far 610 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.45 on 01-Apr-2013 and a 52 week low of Rs. 16.05 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 26.00 and Rs. 23.05 respectively. The current market cap of the company is Rs. 58.00 crore.

The promoters holding in the company stood at 72.86% while Institutions and Non-Institutions held 0.05% and 27.09% respectively.

Shreyas Shipping & Logistics’ wholly owned subsidiary -Shreyas Relay Systems (SRS) has secured contract from Food Corporation of India (FCl) for multimodal handling and transportation of 20,000 tonnes per month. This contract is expected to substantially add to the Company’s top line as well as bottom line.

For the first time, the state-run FCl has been permitted by the Union Government to use the sea route to transport foodgrains from Andhra Pradesh to Kerala, Tenders to this effect have been finalized.

Shreyas Shipping & Logistics, a Transworld Group of company, was incorporated primarily to own and operate vessels for feedering of containers between Indian ports and internationally renowned container transshipment ports.

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