Shares of Great Eastern Shipping Co. surged to 9 month highs
Advertisement
Advertisement
Great Eastern Shipping Co., India's premier waterways transporter, surged to 9 month highs after quarterly earnings beat expectations.GE Shipping said its first quarter net profit rose 44 percent to 323.7 crore rupees compared with 223 crore rupees in the same quarter a year ago. Sales during April-June rose 17 percent to 947 crores versus 808.2 crores. GE Shipping's finance costs fell to 69.9 crore rupees compared with 75.3 crore rupees earlier.
GE Shipping jumped 26.30 rupees, or 6.9 percent, to 407 rupees, its highest since December 10th on the National Stock Exchange where 5.6 lakh shares shares changed hands by 2 pm compared with a 5-day average of 1.04 lakh shares.
GE Shipping's market capitalisation has inched up 4 percent in one year to 5,707 crore rupees.
Image credit: Indiatimes
Advertisement
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status