Great Eastern Shipping Company Ltd Share Price – NSE /  BSE

Shipping, Small Cap

Great Eastern Shipping Company has delivered its 2005 built Suezmax Crude Tanker “Jag Lalit” to the buyers. The vessel was contracted for sale in September 2024.

Excluding Jag Lalit, company's current fleet stands at 40 vessels, comprising 27 tankers (5 Crude carriers, 18 Product carriers, 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.15 Mn dwt.

Additionally, the company has contracted to sell one MR product tanker in Oct 2024, which is due for delivery by H2 FY25.

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Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 7.2 per equity Share (i.e. 72%) , subject to the approval of the shareholders.

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Great Eastern Shipping Company Ltd fell 6.23% today to trade at Rs 1210.55. The BSE India Infrastructure Index index is down 1.28% to quote at 640.57. The index is down 5.27 % over last one month. Among the other constituents of the index, Rail Vikas Nigam Ltd decreased 5.95% and Ircon International Ltd lost 5.28% on the day. The BSE India Infrastructure Index index went up 65.6 % over last one year compared to the 22.32% surge in benchmark SENSEX.

Great Eastern Shipping Company Ltd has lost 6.34% over last one month compared to 5.27% fall in BSE India Infrastructure Index index and 2.66% drop in the SENSEX. On the BSE, 10042 shares were traded in the counter so far compared with average daily volumes of 25418 shares in the past one month. The stock hit a record high of Rs 1542.8 on 11 Jul 2024. The stock hit a 52-week low of Rs 728.1 on 09 Nov 2023.

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Net profit of Great Eastern Shipping Company declined 3.21% to Rs 575.57 crore in the quarter ended September 2024 as against Rs 594.66 crore during the previous quarter ended September 2023. Sales rose 10.20% to Rs 1354.40 crore in the quarter ended September 2024 as against Rs 1229.02 crore during the previous quarter ended September 2023.

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