/ GE Shipping Trades In Positive Territory; Acquires Full Ownership Of The Jack Up Rigs ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 20 June 2017

Greatship (India) Limited ( GIL ), a wholly owned subsidiary of the Company, has acquired full ownership of the jack up rigs from Greatship Global Energy Services Pte. Ltd. ( GGES ), a wholly-owned subsidiary of GIL w.e.f June 19, 2017.

The stock traded positive on BSE on pre-lunch hours of Tuesday’s trade. The stock on NSE attracted a traded volume of 14,313 shares and a traded value of 57.44 lakhs.

As per market observers, the stock is providing a dividend yield of 3.37% & has good consistent profit growth of 23.78% over 5 years.  

On yearly basis, the stock has underperformed BSE Midcap index. 

The Great Eastern Shipping Company Limited is engaged in the business of providing shipping services. The Company's segments include shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. 

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