GE Shipping surges 3% on strong Q3 earnings

Great Eastern Shipping Company surged on Friday after it posted a growth of 2.19 times in consolidated net profit to Rs 1.92 billion for the quarter ended Dec. 31, 2012.

Consolidated net sales of went up by 5.32% to Rs 8.81 billion for the quarter ended Dec. 31, 2012 from Rs 8.36 billion in the year ago period. Shares of the company are trading at Rs 249, up Rs 7.8, or 3.23% at the Bombay Stock Exchange (BSE) on Friday at 1:21 p.m.The scrip has touched an intra-day high of Rs 254.90 and low of Rs 245. The total volume of shares traded at the BSE is 20,419.In the earlier session, the shares gained 0.58%, or Rs 1.4, at Rs 241.20. Currently, the stock is trading down 14.58% from its 52-week high of Rs 291.50 and above 11.16% over the 52-week low of Rs 224.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 239.35 1.85 0.77 1 Month 272.70 (31.50) (11.55) 3 Months 255.10 (13.90) (5.45) 6 Months 261.40 (20.20) (7.73) 1 Year 253.10 (11.90) (4.70) Note: Based on previous day closing price.