This shipping stock has gained 70% in two months; trades near all-time high

The scrip hit a 52-week high of Rs 347 apiece, up 7% on the BSE and was trading near its all-time high of Rs 385 touched on February 18, 2000.

Shares of Seamec hit a 52-week high of Rs 347 apiece, up 7 per cent on the BSE in an otherwise subdued market. In the past two months, the stock of shipping company zoomed 73 per cent from the level of Rs 201, after it reported a strong set of numbers for December 2018 quarter (Q3FY19). In comparison, the S&P BSE Sensex was up 1 per cent during the same period. Seamec is trading close to its all-time high of Rs 385 touched on February 18, 2000, on the BSE in the intra-day deal.

Seamec posted a net profit of Rs 35.87 crore in