Great Eastern Shipping Faces Continued Stock Decline Amid Broader Sector Challenges

Apr 07 2025 09:45 AM IST
share
Share Via
Great Eastern Shipping Company has seen a notable decline in its stock price over the past two days, reflecting broader challenges in the shipping sector. Despite this downturn, the company offers a high dividend yield and has demonstrated strong long-term performance compared to its historical results.
Great Eastern Shipping Company has experienced a significant decline today, with its stock price dropping by 5.29%. This marks the second consecutive day of losses, totaling a 7.82% decrease over this period. The stock opened with a notable gap down of 6.39% and reached an intraday low of Rs 817.2, reflecting a 10% drop at its lowest point.

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 moving averages, indicating a bearish trend. The broader shipping sector has also faced challenges, with a decline of 7.03%.

Despite the current downturn, the company maintains a high dividend yield of 3.87% at its present price. Over various time frames, the stock has underperformed compared to the Sensex, with a year-to-date performance of -11.49% against the Sensex's -7.12%. However, over the longer term, Great Eastern Shipping Company has shown resilience, with a 3-year performance of 137.91% and a 5-year performance of 326.58%.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News