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▲ Bullish for GE Shipping
GE Shipping rides high freight rates, builds cash for the next cycle
The brief
- GE Shipping benefits from elevated freight rates and limited time-charter exposure
- Its ₹8,000 crore cash reserve gives it room to make investments for the next cycle
- Higher freight rates support GE Shipping’s earnings; its cash reserve provides investment flexibility
- Great Eastern Shipping Company Share Price Archives
- Price Action: Marine Electricals shares gain 3% on order win, GE Shipping up 4% after Nomura initiates 'Buy'
- GE Shipping Company Share Price Surges Nearly 4% After Nomura Initiates Coverage With 'Buy'
GE Shipping valuation and fleet expansion
GE Shipping shares gained 11.8% over the past month and 34.5% year-to-date as Nomura initiated coverage with a Buy rating, citing the company’s Rs 8,000 crore cash pile. Nomura later retained Buy and set a Rs 1,965 target, implying 28% upside.
Wednesday, 30 September
- GE Shipping rides high freight rates, builds cash for the next cycle