G E Shipping signs contract to buy a Medium Range Product Tanker

Great Eastern Shipping Company Ltd is currently trading at Rs. 382.55, up by Rs. 1.55 or 0.41% from its previous closing of Rs. 381 on the BSE.

G E Shipping Ltd has announced that it has signed contract to buy a Medium Range Product Tanker of about 48,000 dwt.

Great Eastern Shipping Company Ltd is currently trading at Rs. 382.55, up by Rs. 1.55 or 0.41% from its previous closing of Rs. 381 on the BSE.

The scrip opened at Rs. 383.1 and has touched a high and low of Rs. 384.8 and Rs. 378.1 respectively. So far 104127(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5744.61 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420 on 10-Nov-2015 and a 52 week low of Rs. 326.75 on 05-Feb-2015. Last one week high and low of the scrip stood at Rs. 389.7 and Rs. 375.05 respectively.

The promoters holding in the company stood at 30.42 % while Institutions and Non-Institutions held 41.91 % and 27.41 % respectively.

The stock is currently trading below its 50 DMA.