Great Eastern Shipping Company Ltd.
| Last Trade price: | 262.20 |
|---|---|
| Market Cap : | 3993.04 |
| Face Value : | 10 |
| 52 Weeks High Low: | 285.40-182.55 |
| Open: | 263.05 |
| High: | 267.8 |
| Average 30 days: | 258.94 |
| Resistance 1 : | 266.40 |
| Resistance 2 : | 270.60 |
| Resistance 3 : | 273.40 |
| % Change: | -0.61 |
|---|---|
| Volume : | 89864 |
| Market Lot : | 1 |
| Days Range : | 267.8-260.8 |
| Prv Close: | 263.8 |
| Low: | 260.8 |
| Average 50 days: | 254.96 |
| Support 1 : | 259.40 |
| Support 2 : | 256.60 |
| Support 3 : | 252.40 |
Company declared its results on 9th August 2012 with consolidated net profit rose by 11% year-on-year to Rs 181 crore in the quarter ended June 2012. Consolidated total income from operations went up by 17.8% to Rs 807 crore from Rs 685 crore during the same period.The company has reported a forex gain of Rs 77 crore as against Rs 9 crore YoY.
The stock has been moving in a narrow range despite broader market volatility in recent past and a breakout is awaited. It still trades above important moving averages indicating uptrend and a close above 270 levels may take it higher towards 284 soon.
we recommend to Buy GESHIP (Spot) in the range of 255-260 with a stoploss of 253 for a target of RS 284,305 (8-10 TRADING SESSIONS)
Disclosure/Disclaimer
GESHIP call executed and closed at CMP 263. Please keep strict stop loss and will trail for targets.
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