Friday 6 May 2016

GE Shipping slumps 3%; Q4 net profit falls 58%

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.582 million for the Quarter ended March 31, 2016 as compared to Rs. 1369.70 mn for the Quarter ended March 31, 2015.

GE Shipping
GE Shipping Ltd was lower by 3% at Rs. 308. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 582 million for the quarter ended March 31, 2016 compared with Rs.1369.7 mn for the quarter ended March 31, 2015.

Total Income increased from Rs. 9028.7 million for the quarter ended March 31, 2015 to Rs. 9684.2 mn for the quarter ended March 31, 2016.

The scrip opened at Rs. 308.65 and has touched a high and low of Rs. 314 and Rs. 301.75 respectively. So far 67933(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4768.32 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. 275 on 02-Mar-2016. Last one week high and low of the scrip stood at Rs. 335 and Rs. 306.7 respectively.

The promoters holding in the company stood at 30.42 % while Institutions and Non-Institutions held 42.25 % and 27.02 % respectively.

The stock is currently trading below its 200 DMA.

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