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Revenue slump, rising costs dent Great Eastern Shipping’s Q2 profit, shares down 8%

Shares of Great Eastern Shipping Company fell nearly 8 percent following a weaker quarter-on-quarter (QoQ) performance, pressured by declining revenue and a rise in expenses that further dented profitability. As of 9:40 AM, shares were trading 7 percent lower at Rs 1,200, though the stock has still gained 23 percent year-to-date, outperforming the Nifty 50’s …