G E Shipping surges 9% on share buyback plan, board meet on December 27

The board of directors are scheduled to meet on Monday December 27, 2021 to consider and approve a proposal for buy-back of equity shares of the company.

Shares of Great Eastern Shipping surged 9 per cent to Rs 299.85 on the BSE in Thursday’s intra-day trade after the company announced its plan for share buyback. The company said its board of directors are scheduled to meet on Monday December 27, 2021 to consider and approve a proposal for buy-back of equity shares of the company.

The stock of shipping company has corrected 42 per cent from its 52-week high level of Rs 477 touched on June 16, 2021, till Wednesday. It had hit a 52-week low of Rs 229 on January 29, 2021.

At 09:17