Shreyas Shipping & Logistics rose 1.85% to Rs 335.20 at 14:20 IST on BSE after the company signed memorandum of understanding for acquisition of multipurpose vessel of about 1,100 twenty-foot equivalent units.The announcement was made by the company after market hours on Friday, 14 July 2017.
On the BSE, 2,232 shares were traded in the counter so far, compared with average daily volumes of 11,016 shares in the past one quarter. The stock had hit a high of Rs 345 and a low of Rs 331.50 so far during the day. The stock had hit a 52-week high of Rs 464.55 on 11 July 2016.
The stock had hit a 52-week low of Rs 193.10 on 26 December 2016.
The stock had outperformed the market over the past one month till 14 July 2017, gaining 3.69% compared with 2.78% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 3.05% as against Sensex's 8.69% gains. The scrip had also underperformed the market in past one year, dropping 24.97% as against Sensex's 14.6% rise.
The small-cap company has equity capital of Rs 21.96 crore. Face value per share is Rs 10.
Shreyas Shipping & Logistics said that the delivery of the vessel is expected in the first week of September 2017.
On a consolidated basis, Shreyas Shipping & Logistics reported net loss of Rs 9.94 crore in Q4 March 2017 as against net profit of Rs 15.11 crore in Q4 March 2016. Net sales rose 4.7% to Rs 184.31 crore in Q4 March 2017 over Q4 March 2016.
Shreyas Shipping & Logistics, the Indian flagged vessel owning unit of Transworld Group, is a pioneer and market leader in domestic coastal container shipping covering all main ports and container terminals on the Indian coast.
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