Shreyas Shipping up 1.8% after signing MoU

The company has entered into a Memorandum of Understanding for the formation of a Joint Venture Company with Suzue Corporation.

Shreyas Shipping & Logistics has gained 1.8% to Rs. 510 on BSE. The company has entered into a Memorandum of Understanding for the formation of a Joint Venture Company with Suzue Corporation, Japan for exploring business opportunities in the logistics space within India and Japan.

The scrip opened at Rs. 504.5 and has touched a high and low of Rs. 510.5 and Rs. 502 respectively. So far 7,553 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1099.76 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.5 on 05-Aug-2015 and a 52 week low of Rs. 162.25 on 11-Dec-2014. Last one week high and low of the scrip stood at Rs. 527.8 and Rs. 404.2 respectively.

The promoters holding in the company stood at 73.25 % while Institutions and Non-Institutions held 0.65 % and 26.1 % respectively.

The stock is currently trading below its 200 DMA.