GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022

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.

Shares of GE Shipping hit a new high of Rs 672, as they surged 5 per cent on the BSE in Friday’s intra-day trade on healthy business outlook. The stock surpassed its previous high of Rs 647.50, touched on Wednesday, November 23. Thus far in the calendar year, it has zoomed 126 per cent, as compared to 5 per cent rise in the benchmark index.

In the past one month, the stock price of GE Shipping has jumped 26 per cent after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore, on