Great Eastern Shipping Approaches 52-Week Low Amid Broader Industry Decline

Feb 11 2025 02:05 PM IST
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Great Eastern Shipping Company’s stock is approaching a 52-week low, trading at Rs 880 after a 3.43% decline. Despite this, it has outperformed its sector slightly. The stock is below all major moving averages, indicating a bearish trend, and has seen an 8.05% decline over the past year.
Great Eastern Shipping Company has experienced significant activity today, with its stock price nearing a 52-week low. As of February 11, 2025, the stock is just 0.62% away from this low, currently trading at Rs 880. The company has seen a decline of 3.43% during the day, reaching an intraday low of Rs 883.05.

Despite this downturn, Great Eastern Shipping has outperformed its sector by 0.54%, although the broader shipping industry has faced a decline of 3.87%. The stock has shown a trend reversal after two consecutive days of gains, indicating a shift in momentum.

In terms of moving averages, Great Eastern Shipping is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Over the past year, the company's performance has declined by 8.05%, contrasting sharply with the Sensex, which has risen by 6.27%. Notably, the company offers a high dividend yield of 4.53% at its current price, reflecting its commitment to returning value to shareholders.
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