Great Eastern Shipping Company Hits 52-Week Low Amid Ongoing Decline in Stock Performance

Mar 03 2025 10:05 AM IST
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Great Eastern Shipping Company has hit a new 52-week low, reflecting a challenging year with a significant decline in stock price. The company has faced consecutive losses over the past week and is trading below key moving averages, indicating a bearish trend. Despite this, it offers a high dividend yield.
Great Eastern Shipping Company has experienced significant activity today, reaching a new 52-week low of Rs. 802. This marks a notable decline as the stock has underperformed its sector by 0.5%. Over the past six days, the stock has faced consecutive losses, accumulating a total decline of 11.48%.

In terms of technical indicators, Great Eastern Shipping Company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in its price performance.

The company, classified within the midcap shipping industry, has seen a challenging year, with its stock price down 19.61% over the past year, contrasting sharply with the Sensex, which has only declined by 1.28% during the same period. Despite these challenges, the stock offers a high dividend yield of 4.33% at its current price, which may be of interest to income-focused investors.
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