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GE Shipping rises as board to mull buyback proposal
25-Aug-2026 | 09:33
Great Eastern Shipping (GE) jumped 3.31% to Rs 1,373 after the company announced that its board will meet on Thursday, 27 August 2026, to consider a proposal for the buyback of fully paid-up equity shares.
The announcement was made after market hours on Monday, 24 August 2026.
As of 30 June 2026, promoters held a 30.07% stake in the company.
Great Eastern Shipping Company (GE Shipping), along with its subsidiaries is a major player in the Indian shipping and oil drilling services industry.
The company posted a consolidated net profit of Rs 1,308.84 crore in Q1 FY27, registering a 159.43% year-on-year (YoY) increase from the corresponding quarter last year. Revenue from operations surged 66.91% YoY to Rs 2,005.36 crore.
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