Shreyas Shipping & Logistics declined 3.11% to Rs 53 at 9:58 IST on BSE, even as the company said on Tuesday, 9 September 2008, it has sold its vessel M V OEL India for consideration of $28.50 million.
The company made this announcement during trading hours on Tuesday, 9 September 2008, when the stock surged 7.57% to Rs 54.70.
The stock hit a high of Rs 53 and a low of Rs 53 so far during the day. The stock has a 52-week high of Rs 158.80 on 8 January 2008 and a 52-week low of Rs 44.60 on 2 July 2008.
The company’s current equity is Rs 21.96. Face value per share is Rs 10.
The current price of Rs 53 discounts Q1 June 2008 annualized EPS of Rs 16.59, by a PE multiple of 3.19.
In June 2008, Shreyas Shipping & Logistics sold its vessel M V OEL Express for a consideration of $11.5 million.
Shreyas Shipping & Logistics’ net profit rose 6.3% to Rs 9.11 crore on 11.6% increase in net sales to Rs 43.30 crore in Q1 June 2008 over Q1 June 2007.
Shreyas Shipping & Logistics‘ principal activities are to provide shipping and logistics services. The shipping segment provides charter and feeding services. The logistics segment comprises of shipping part of domestic and liner business.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment