Great Eastern Shipping Company rose 2.77% to Rs 351 at 10:41 IST on BSE after it placed order with Hyundai Heavy Industries, South Korea for two Suezmax crude carriers of approximately 1.58 lakh dead weight tonne each.
The company made this announcement during trading hours today, 18 July 2008.
Meanwhile, the BSE Sensex was up 23.08 points, or 0.18%, to 13,134.93, helped by a 10% decline in oil prices this week.
On BSE, 9,934 shares were traded in the counter. The scrip had an average daily volume of 1.10 lakh shares in the past one quarter.
The stock hit a high of Rs 353.90 and a low of Rs 345 so far during the day. The stock had a 52-week high of Rs 572 on 31 December 2007 and a 52-week low of Rs 273.50 on 22 August 2007.
The mid-cap company had underperformed the market over the past one month till 17 July 2008, declining 24.13% compared to the Sensex’s decline of 14.98%. It had outperformed the market in the past one quarter, declining 14.70% compared to Sensex’s decline of 20.44%.
The company has an equity capital of Rs 152.52 crore. Face value per share is Rs 10.
The current price of Rs 351 discounts its Q4 March 2008 annualised EPS of Rs 78.65, by a PE multiple of 4.46.
These two vessels are to be delivered in August 2001 and October 2011 respectively. With this contract, the company's current new building order book stands at 14 vessels of 11.7 lakh dead weight tonne.
Great Eastern Shipping Company’s net profit rose 24.3% to Rs 299.41 crore on 35.8% increase in net sales to Rs 737.98 crore in Q4 March 2008 over Q4 March 2007.
The company has two main businesses, 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 wholly owned subsidiary Greatship (India).
The company made this announcement during trading hours today, 18 July 2008.
Meanwhile, the BSE Sensex was up 23.08 points, or 0.18%, to 13,134.93, helped by a 10% decline in oil prices this week.
On BSE, 9,934 shares were traded in the counter. The scrip had an average daily volume of 1.10 lakh shares in the past one quarter.
The stock hit a high of Rs 353.90 and a low of Rs 345 so far during the day. The stock had a 52-week high of Rs 572 on 31 December 2007 and a 52-week low of Rs 273.50 on 22 August 2007.
The mid-cap company had underperformed the market over the past one month till 17 July 2008, declining 24.13% compared to the Sensex’s decline of 14.98%. It had outperformed the market in the past one quarter, declining 14.70% compared to Sensex’s decline of 20.44%.
The company has an equity capital of Rs 152.52 crore. Face value per share is Rs 10.
The current price of Rs 351 discounts its Q4 March 2008 annualised EPS of Rs 78.65, by a PE multiple of 4.46.
These two vessels are to be delivered in August 2001 and October 2011 respectively. With this contract, the company's current new building order book stands at 14 vessels of 11.7 lakh dead weight tonne.
Great Eastern Shipping Company’s net profit rose 24.3% to Rs 299.41 crore on 35.8% increase in net sales to Rs 737.98 crore in Q4 March 2008 over Q4 March 2007.
The company has two main businesses, 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 wholly owned subsidiary Greatship (India).
0 comments:
Post a Comment