Shares of Great Eastern Shipping surged by more than 2% in Wednesday’s early trade, driven by investor anticipation that the Cabinet may soon approve the new Shipping Bill. The proposed bill is expected to introduce key reforms and provide a boost to the shipping industry, which could benefit companies like Great Eastern Shipping.
The approval of the Shipping Bill is seen as a potential catalyst for the sector, leading to improved regulatory conditions, increased competitiveness, and potential incentives for shipowners and operators in India.
As of 10:30 AM, shares of Great Eastern Shipping were trading 2.21% higher at ₹623.40 on the NSE.
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