/ Great Eastern Shipping Company Declares Interim Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 3 February 2017

Great Eastern Shipping Company has declared an interim dividend of Rs 3.60 per share to its equity shareholders.

The dividend will be paid to the equity shareholders on or after February 23, 2017.

GE Shipping has declared its Q3FY17 results on Friday, wherein the net profits stand at Rs 238.4 cr vs Rs 358.1 cr (YoY).

The consolidated EBITDA is down by 30.5% at Rs 386.6 cr vs Rs 556.7 cr (YoY).

The EBITDA margin stands at 51.6% vs 57.3% (YoY).

The total income is down by 22.8% at Rs 749.4 cr vs Rs 971 cr (YoY).

G E Shipping is India's largest private sector shipping service provider and enjoys a strong presence in the international maritime industry.

The shipping business operates under two main businesses: dry bulk carriers and tankers. Great Eastern Shipping Company Ltd is currently trading at Rs 388.15, up by Rs 1.9 or 0.49% from its previous closing of Rs 386.25 on the BSE.

The scrip opened at Rs 387.25 and has touched a high and low of Rs 396 and Rs 380 respectively. So far 158720(NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs 5823.76 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 410.4 on 20-Jan-2017 and a 52 week low of Rs 275 on 02-Mar-2016. Last one week high and low of the scrip stood at Rs 405 and Rs 385.1 respectively. The promoters holding in the company stood at 30.41 % while Institutions and Non-Institutions held 42.54 % and 26.77 % respectively. The stock is currently trading above its 50 DMA.

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