Great Eastern Shipping Company rose 2.17% to Rs 230.95 at 10:25 IST on BSE after the company said its board will meet on 8 August 2013, to consider buyback of equity shares.
The announcement was made after market hours on Monday, 5 August 2013.
Meanwhile, the S&P BSE Sensex was down 189.88 points or 0.99% at 18,992.38.
On BSE, 7,799 shares were traded in the counter as against average daily volume of 8,586 shares in the past one quarter.
The stock hit a high of Rs 234.95 and a low of Rs 227.10 so far during the day. The stock had hit a 52-week high of Rs 291.50 on 19 December 2012. The stock had hit a 52-week low of Rs 199.25 on 24 June 2013.
The stock had outperformed the market over the past one month till 5 August 2013, surging 6.55% compared with the Sensex's 1.61% fall. The scrip had also outperformed the market in past one quarter, sliding 0.86% as against Sensex's 2.01% fall.
The mid-cap shipping firm has equity capital of Rs 152.32. crore. Face value per share is Rs 10.
Great Eastern Shipping Company's consolidated net profit jumped 113.7% to Rs 83.73 crore on 6.4% decline in net sales to Rs 770.03 crore in Q4 March 2013 over Q4 March 2012. The company unveils Q1 June 2013 results on 8 August 2013.
Great Eastern Shipping Company operates in two main businesses viz. shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The company's offshore business services to the oil companies in carrying out offshore exploration and production activities.
Powered by Capital Market - Live News
