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Shreyas Shipping gains after taking delivery of vessel

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Capital Market
Last Updated : Jun 24 2014 | 11:48 PM IST

Shreyas Shipping & Logistics rose 2.98% to Rs 38 at 11:28 IST on BSE after the compant said that it has taken delivery of vessel M. V. SSL Mumbai.

The company made the announcement during trading hours today, 24 June 2014.

Meanwhile, the BSE Sensex was up 284.22 points, or 1.14%, to 25,315.54.

On BSE, so far 50 shares were traded in the counter, compared with an average volume of 5,305 shares in the past one quarter.

The stock hit a 52-week high of Rs 45.95 on 11 June 2014. The stock hit a 52-week low of Rs 16.05 on 5 August 2013.

The stock had outperformed the market over the past one month till 23 June 2014, rising 1.51% compared with 1.37% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 87.79% as against Sensex's 15.06% rise.

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The small-cap company has an equity capital of Rs 21.96 crore. Face value per share is Rs 10.

On 12 May 2014, Shreyas Shipping & Logistics had informed that it sold its vessel 'M V. Unity' for a consideration of Rs 17.30 crore and signed an agreement for purchasing a second hand vessel of 1613 twenty-foot equivalent unit (TEU) capacity at about Rs 27 crore.

On a consolidated basis, Shreyas Shipping & Logistics reported net loss of Rs 8.30 crore in Q4 March 2014 compared with net profit of Rs 7.14 crore in Q4 March 2013. Net sales rose 23.4% to Rs 123.07 crore in Q4 March 2014 over Q4 March 2013.

Shreyas Shipping & Logistics is India's first and only container feeder owning and operating company.

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First Published: Jun 24 2014 | 11:29 AM IST

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