Shreyas Shipping & Logistics, a container feeder owning and operating company, today signed a Memorandum of Understanding (MOU) for acquisition of one container vessel M. V. HUB GALLARDO. The size of the vessel is 700 teus and the price of the vessel is USD 2.9 million (nearly Rs 184.30 million).
The stock had underperformed the market over the past one month till Jun. 22, 2015, falling 12.76% compared with the Sensex's 0.81% decline. It outperformed the market in past one quarter, declining 1.35% as against 1.88% fall in the Sensex.
Shares of the company gained Rs 10.75, or 1.57%, to trade at Rs 697.50. The total volume of shares traded was 6,911 at the BSE (1.08 p.m., Tuesday).