The Great Eastern Shipping Company: Extinguishment of 18,58,941 equity shares of the Company which were bought back by the Company from open…
The Great Eastern Shipping Company (GESHIP) filed a disclosure titled "Extinguishment of 18,58,941 equity shares of the Company which were bought back by the Company from open market through stock exchanges during the month of September 2026". The company is…
What happened
The Great Eastern Shipping Company (GESHIP) filed a disclosure with the exchanges on 13 October 2026 at 06:20 PM titled "Extinguishment of 18,58,941 equity shares of the Company which were bought back by the Company from open market through stock exchanges during the month of September 2026".
Company snapshot
The Great Eastern Shipping Company is a small-cap company in the Services sector, with a market value of about ₹22,015 crore.
The stock last traded at ₹1,542, against a 52-week range of ₹1,002.6–₹1,798 (14.2% below the high).
Before this filing the shares had moved +9.5% over the month and +8.1% over three months. Average daily turnover over the last 20 sessions was about ₹128 crore.
Promoters held 30.07% at the end of Q1 FY27. Foreign institutions owned 31.03% and domestic institutions 12.81%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,201 | 504.5 | 35.34 |
| Q2 FY26 | 1,242 | 581.4 | 40.72 |
| Q3 FY26 | 1,454 | 812.5 | 56.91 |
| Q4 FY26 | 1,511 | 1,044.1 | 73.13 |
| Q1 FY27 | 2,005 | 1,308.8 | 91.68 |
What history shows
This is not the company's first buyback disclosure: BCEIE has at least 12 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.6% on average the next trading day and was up 1.3% on average after five days (9 filings with price data).
Across 5 similar disclosures by other Services companies, shares moved −0.2% on average the next day and −1.5% over five days; 20% of them rose the next day.
Market-wide, 275 buyback filings with an impact score of 50 or more saw an average next-day move of 0.0%, with 53% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 7 Oct 2026 | We enclose herewith the daily report for October 07, 2026 | −2.2% | — |
| 6 Oct 2026 | We enclose herewith the daily report for the equity shares bought… | −0.2% | — |
| 5 Oct 2026 | We enclose herewith the daily report for October 05, 2026 | +0.6% | — |
In the news
Recent coverage elsewhere (links open the original publisher):
- Great Eastern Shipping (NSEI:GESHIP) Stock Forecast & Analyst Predictions
- Great Eastern Shipping buys 84,280 shares at ₹1,530 on Oct 12
- Great Eastern Shipping vs Aegis Vopak vs Concor: Comparison
- Tech Query: APL Apollo Tubes, Castrol India, Great Eastern Shipping Company (G E Shipping), Agarwal Industrial Corporation - What is the outlook? Where are these stocks headed?
- India’s Great Eastern Shipping Acquires 157,000 DWT Suezmax Newbuild
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.