Great Eastern Shipping Company Hits 52-Week Low Amid Broader Sector Decline

Jan 13 2025 12:05 PM IST
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Great Eastern Shipping Company has reached a 52-week low, reflecting a broader trend of underperformance in the shipping sector. The stock has declined significantly over recent days and is trading below key moving averages. Despite these challenges, the company offers a high dividend yield of 3.52%.
Great Eastern Shipping Company has reached a notable milestone by hitting a 52-week low of Rs. 890 on January 13, 2025. This decline is part of a broader trend, as the stock has underperformed its sector by 0.78% today and has seen a total drop of 7.28% over the past four days. During today's trading, it recorded an intraday low of Rs. 890, reflecting a decrease of 5.92%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The shipping sector overall has also faced difficulties, with a decline of 3.33%. Despite these setbacks, Great Eastern Shipping Company maintains a high dividend yield of 3.52%. Over the past year, the company's performance has been -5.77%, contrasting sharply with the Sensex's gain of 5.80% during the same timeframe.
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