India's Great Eastern Shipping Co rises most in 2 months on Q3 profit rise

The Great Eastern Shipping

01/02/2023 04:21

** Shares of private sector shipping company Great Eastern
Shipping Co Ltd  GESC.NS  up as much as 4.9% to 673 rupees,
their biggest intra day pct climb since Dec 13, 2022
    ** Stock at highest level since Jan 4, 2023
    ** Co on Tuesday, after market hours, said its Dec qtr
consolidated net profit rose ~67% YoY to 6.07 bln rupees ($74.19
million)
    ** GESC also declared an interim dividend of 7.20 rupees per
share
    ** Revenue from operations for the qtr rose 34% YoY to 14.21
bln rupees
    ** GESC on track for a second consecutive session of gains,
if gains hold
    ** Over 257,000 shares change hands by 09:43 a.m. IST, 1.0x
the 30-day moving avg
    ** Stock rose 125% in 2022
($1 = 81.8150 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))