The company received 2,245 successful bids between the price range from Rs 292 and Rs 2,920 per equity share for a total of 4,306,743 equity shares. The number of bids received by Shreyas Shipping above the discovered price stood at 196 for 233,668 equity shares.
Shreyas Shipping & Logistics rose 1.26% to Rs 84.40 after the company signed a memorandum of agreement (MoA) for sale of one of its container vessel, SSL Balaji.
The scrip extended gains for third consecutive day. The stock has added 7.38% in three sessions, from its recent closing low of Rs 78.60 recorded on 12 March 2021.
On a year-to-date (YTD) basis, the stock has gained 32.81% while the benchmark Sensex has advanced 5.27% during the same period.
Shreyas Shipping and Logistics is a pioneer and market leader in domestic coastal container shipping covering all main ports and container terminals on the Indian coast. SSL, which has a fleet of 13 vessels with a capacity of over 23,000 TEUs, also offers services to the Middle East and Bangladesh.
Read more about Shreyas Shipping & Logistics consolidated net profit rises 47.45% in the December 2020 quarter on Business Standard. Sales decline 6.03% to Rs 143.86 crore