BSE Code: | NSE Code: | ISIN: | Sector:

NSE
392.80
Change Change %
-3.75 -0.95%

Updated:21 Sep, 2017, 15:59 PM IST

BSE
393.20
Change Change %
-2.05 -0.52%

Updated:21 Sep, 2017, 15:43 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Kotak
N/A
12-09-2017 Buy 419.00 530.00
N/A
Open Long (1Y)
12-09-2018

Kotak recommends buy on GE Shipping Company

Shrinking global ship building order book, bottoming asset prices, stable crude prices and stable shipping freight rates bodes well for shipping cum offshore companies including GE Shipping Company (GESCO). From the above, we can infer that the freight rates to improve in the shipping segment and day-rates to improve in the offshore segment which should result in improvement in EBIDTA margin and return ratios for GESCO. Also the Balance sheet (BS) health of the company is expected to improve going forward with debt prepayment. Recommend "BUY" with an increased TP of Rs 530 (from Rs420) with changing industry dynamics.

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