Shreyas Shipping & Logistics rose 10.35% to Rs 338.10 at 13:39 IST on BSE after the company said it added ninth container vessel to its fleet recently.
The announcement was made during trading hours today, 21 April 2016.
Meanwhile, the BSE Sensex was up 113.45 points, or 0.44%, to 25,957.63 .
On BSE, so far 83,000 shares were traded in the counter, compared with an average volume of 17,263 shares in the past one quarter. The stock hit a high of Rs 355 and a low of Rs 304.80 so far during the day. The stock hit a record high of Rs 839.50 on 5 August 2015. The stock hit a 52-week low of Rs 133.10 on 17 February 2016. The stock had outperformed the market over the past one month till 20 April 2016, rising 36.72% compared with 3.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.75% as against Sensex's 7.41% rise.
The small-cap Mumbai-based shipping and logistics provider has an equity capital of Rs 21.96 crore. Face value per share is Rs 10.
Shreyas Shipping and Logistics (Shreyas) said it added ninth container vessel, "M. V. SSL Visakhapatnam" to its fleet recently. This vessel is a 1613 teus vessel with a Gross Registered Tonnage (GRT) of 18602. As on date, the company owns a fleet of nine vessels with a total capacity of over 13,500 teus. The combined dead weight of all its vessels sum up to 1,92,771 and a GRT of 1,54,859.
On a consolidated basis, net profit of Shreyas Shipping & Logistics declined 87.62% to Rs 2.77 crore on 1.05% rise in net sales to Rs 141.11 crore in Q3 December 2015 over Q3 December 2014.
Shreyas Shipping and Logistics is the ship owning and operating unit of Transwortd Group in the Indian subcontinent. The company provides crucial links between Indian ports which helps in providing door-to-door logistics solutions through its wholly-owned subsidiary company Shreyas Relay Systems and also assists transhipment of cargo from these ports.
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