The new order size would be equivalent to quarterly revenue of the company thereby adding significantly to the revenue visibility. It had revenue of Rs 368 crore in FY23, with operating profit of Rs 71 crore, which implies a margin of 19.3%.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase