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Shipping shares in focus; GE Shipping surges 14% to hit over 3-year high

In the past two weeks, GE Shipping has rallied 36 per cent after HDFC Mutual Fund bought an additional over 2 per cent stake in the company via open market

Topics
Buzzing stocks | Markets | GE Shipping

SI Reporter  |  Mumbai 

Shipping industry
Representative image

Shares of shipping companies were in focus at the bourses, on Wednesday, with the stock of Great Eastern (GE) Shipping hitting an over three-year high of Rs 391.80 after rallying 14 per cent on the BSE in intra-day trade. The stock surpassed its previous high of Rs 349.75, touched on Tuesday. It is trading at its highest level since February 2018.

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First Published: Wed, May 05 2021. 13:35 IST
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