Great Eastern Shipping Company lost 3% to Rs 414 at 11:35 IST on BSE after the company reported consolidated net loss of Rs 34.16 crore in Q4 March 2017, compared with net profit of Rs 24.15 crore in Q4 March 2016.
The result was announced after market hours on Friday, 5 May 2017.Meanwhile, the S&P Sensex was up 88.42 points, or 0.3% at 29,947.22. The S&P BSE Mid-Cap index was up 97.75 points, or 0.66% at 14,816.23.
On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 59,484 shares in the past one quarter. The stock had hit a high of Rs 419 and a low of Rs 401.35 so far during the day.
The stock had hit a 52-week high of Rs 477 on 21 April 2017 and a 52-week low of Rs 296.60 on 24 June 2016. The stock had outperformed the market over the past 30 days till 5 May 2017, rising 1.05% compared with 0.23% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 9.44% as against Sensex's 5.73% rise.
The mid-cap company has equity capital of Rs 150.78 crore. Face value per share is Rs 10.
Great Eastern Shipping Company's consolidated total income rose 0.29% to Rs 874.57 crore in Q4 March 2017 over Q4 March 2016.
Great Eastern Shipping Company has two main business: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India).
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