Great Eastern Shipping Company shed 2.29% to Rs 309 at 11:10 IST on BSE after consolidated net profit fell 57.5% to Rs 58.20 crore on 7.26% increase in total income to Rs 968.42 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after trading hours yesterday, 5 May 2016.Meanwhile, the BSE Sensex was down 129.28 points, or 0.51%, to 25,132.93.
On BSE, so far 10,105 shares were traded in the counter, compared with an average volume of 20,570 shares in the past one quarter. The stock hit a high of Rs 314 and a low of Rs 301.75 so far during the day. The stock had 52-week high of Rs 420 on 10 November 2015. The stock had hit a 52-week low of Rs 275 on 2 March 2016. The stock had underperformed the market over the past one month till 5 May 2016, falling 3.83% compared with the Sensex's 1.52% gains. The scrip had also underperformed the market in past one quarter, dropping 4.2% as against Sensex's 2.62% gains.
The mid-cap company has equity capital of Rs 150.78 crore. Face value per share is Rs 10.
On a consolidated basis, GE Shipping's net profit rose 38.91% to Rs 1039.40 crore on 9.82% increase in total income to Rs 4078.51 crore in the year ended March 2016 over the year ended March 2015.
In a separate announcement, GE Shipping said that its board of directors approved raising upto Rs 1500 crore through private placement of non-convertible debentures.
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Great Eastern Shipping Company is into the shipping business.
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