India's Shreyas Shipping and Logistics rises on receiving new vessel

Transworld Shipping Lines

21/03/2023 06:44

** Shares of Shreyas Shipping and Logistics Ltd  SRSH.NS 
rise as much as 5.6% to 251.40 rupees, marking their sharpest
intraday pct gain since March 9
    ** India-based shipping co takes delivery of new vessel,
named M. V. SSL Godavari, which is 2872 TEU (Twenty Equipment
Unit)
    ** Stock hits its highest since March 14, but remains below
50-, 100- and 200-day moving averages since Jan. 10
    ** About 28,223 shares change hands by 11:55 a.m. IST, 0.7x
30-day avg of 38,701 shares
    ** Stock last up 2.9%, cutting year to date losses to 17.8%

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))