GE Shipping

GE Shipping reported a 3 per cent fall in consolidated net profit to Rs 576 crore in Q2 as compared to Rs 595 crore a year ago.

In the past one month, the stock price of GE Shipping has soared 26% after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore in Q2FY23.

Crude tanker freight rates remained around opex levels for most of the year in FY22 but experienced a sudden spurt starting end-Feb 2022 due to the Russia-Ukraine conflict.

The board of directors are scheduled to meet on Monday December 27, 2021 to consider and approve a proposal for buy-back of equity shares of the company.

The Grey Market Premium (GMP) indicates a likely listing gain of 15-20 per cent for Medplus Health Services

In the past two weeks, GE Shipping has rallied 36 per cent after HDFC Mutual Fund bought an additional over 2 per cent stake in the company via open market

The buyback committee of the company, at its meeting held today, has approved the closure of the buyback

During April-June 2018, its expenses were Rs 11.11 billion as against Rs 6.35 billion during the same quarter previous fiscal

Company could mitigate opex push via time-charter route

Interview with Bharat Sheth, Deputy chairman and MD, Great Eastern Shipping Company

On the BSE, so far 4.480 shares were traded in the counter, compared with an average volume of 26,799 shares in the past one quarter