Stocks

GE Shipping's Rs 8,000 Crore Cash Pile Puts Fleet Expansion In Focus; Nomura Initiates With 'Buy'

• GE Shipping shares rose 0.92% to Rs 1,497.05 on Friday
• The stock gained 11.8% over the past month, 34.5% year-to-date and 53.1% over one year
• GE Shipping investors are watching whether its Rs 8,000 crore cash pile supports fleet expansion

Tata Steel, JSW Steel, Jindal Steel in focus as rebar prices rally; Nomura retains 'Buy'

Nomura projects 31% upside for this shipping stock on these key factors

• All three analysts covering GE Shipping have buy recommendations
• Nomura has the highest target price among them
• A bullish view supports sentiment for Great Eastern Shipping shares