GE Shipping gains on delivering ‘Jag Padma’ to its buyers

GE Shipping is currently trading at Rs. 357.95, up by 5.30 points or 1.50% from its previous closing of Rs. 352.65 on the BSE. The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 358.25 and Rs. 355.00 respectively. So far 1,236 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.70 on 22-Apr-2014 and a 52 week low of Rs. 199.25 on 24-Jun-2013. Last one week high and low of the scrip stood at Rs. 359.15 and Rs. 334.00 respectively. The current market cap of the company is Rs. 5,452.00 crore. The promoters holding in the company stood at 30.50% while Institutions and Non-Institutions held 39.84% and 29.45% respectively. The Great Eastern Shipping Company (GE Shipping) delivered its 1996 built Medium Range Product Tanker ‘Jag Padma’ weighing 47,172 dwt to the buyers. With the delivery of this vessel, the company’s current fleet stands at 29 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax) with an average age of 9.8 years aggregating 2.37 million dwt. Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.