Great Eastern Shipping Reaches 52-Week Low Amid Broader Sector Challenges

Feb 27 2025 11:35 AM IST
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Great Eastern Shipping Company has reached a new 52-week low, reflecting a consistent decline over the past four days. The stock is trading below various moving averages, indicating a bearish trend. The broader shipping sector is also facing challenges, while the company maintains a high dividend yield.
Great Eastern Shipping Company has experienced significant activity today, reaching a new 52-week low of Rs. 850.7. This decline marks a notable moment for the midcap shipping firm, which has underperformed its sector by 1.35%. Over the past four days, the stock has consistently fallen, accumulating a total decline of 6.82%.

Intraday trading saw the stock hit a low of Rs. 850.7, reflecting a decrease of 3.74% for the day. In terms of moving averages, Great Eastern Shipping Company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.

The broader shipping sector has also faced challenges, with a decline of 2.67%. Despite these struggles, Great Eastern Shipping Company maintains a high dividend yield of 3.97% at the current price. Over the past year, the company's performance has been down by 10.93%, contrasting sharply with the Sensex, which has seen a gain of 2.08%.
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