Great Eastern Shipping Company rose 1.63% to Rs 162.25 at 14:44 IST on BSE, after a block deal of 6.24 lakh shares was executed on BSE at Rs 163.25 a share.
The block deal constituted 0.41% of the company's equity.
The stock hit a high of Rs 166.90 and a low of Rs 154 so far during the day. The stock has a 52-week high of Rs 572 on 31 December 2007 and a 52-week low of Rs 138.60 on 27 October 2008.
The company's current equity is Rs 152.28 crore. Face value per share is Rs 10.
The current price of Rs 162.25 discounts the company's Q2 September 2008 annualized EPS of Rs 132.95, by a PE multiple of 1.22.
Great Eastern Shipping Company's net profit rose 47.7% to Rs 506.15 crore on 43.7% increase in net sales to Rs 864.09 crore in Q2 September 2008 over Q2 September 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).
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