Shreyas Shipping sailing high

Shreyas Shipping, country's first container feeder owning and operating company, a true logistic company, has posted robust Q4 numbers, with Operating profit of over Rs. 41 crores, against Rs. 31 crores in Q3, on almost same topline, indicating rise in OPM by over 6%. It reported consolidated net profit of Rs. 36 v/s net loss of Rs. 8 crore (YoY).  Consolidated total income also increased by almost 8% to Rs. 144. Q4Fy15 EPS came in at Rs. 16.75. Share ruling at Rs. 610 can move past Rs. 700 in next couple of months. Buy as an investor.

The stock price is hugely boosted by this performance, at one time breaching the upper circuit at Rs.671.50 – its new 52-week high.

The stock was recommended by our Editor Mr.SP Tulsian yesterday in the Market Whispers column. He expects the price to hit Rs.700 in next couple of month and recommends one to buy the stock as a long term investor.