Mazagon Dock, Cochin Shipyard, Shipping Corporation of India, Seamec, other shipping stocks were trading with gains of up to five percent amid expectations of positive announcements for the sector in the upcoming Union Budget on July 23.
Mazagon Dock stock has rallied over 40 percent year-to-date. Its one-year massive returns of over 300 percent far outpaced Nifty's return of 25 percent during this period.
The Board of Directors of GE Shipping has appointed Keki Mistry as Additional and Independent Director for a tenure of 5 years with effect from August 9, 2023.
Besides, the company Board today also approved buy back of shares "upto an aggregate amount of Rs 279 crore, being 5.53 per cent of the total paid up equity capital plus free reserves" at a maximum price of Rs 279 per share, GE Shipping said in a filing to the BSE.
Great Eastern Shipping (GE Shipping) today reported an increase of 11.32% in consolidated net profit to Rs 181 crore for the quarter ended June 30, 2012, aided by gains made on foreign currency transactions and sale of ships.
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Buy Great Eastern Shipping above Rs 225, says Sudarshan Sukhani of s2analytics.com.
Franklin Templeton Asset Management has decreased its investments in services, automotive and engineering & capital goods space, while enhanced its exposure in banking & financial services, metals & mining and pharmaceuticals.
Sell Great Eastern Shipping, says Hemen Kapadia, CEO of chartpundit.com.
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Great Eastern Shipping shares tumbled around 5% to close at Rs on Monday as investors are worried of pressure on revenue growth for this year.
Great Eastern Shipping has reported fourth quarter consolidated net profit of Rs 10.8 crore and total income of Rs 600 crore.
Great Eastern Shipping has reported a consolidated net profit of Rs 117 crore for the quarter ended December 2010 as against Rs 94.4 crore in same quarter the previous year.