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.
Timeline
Monday, 28 September
- Great Eastern Shipping rises 3% as Nomura retains Buy; projects up to 28%. Here's why
Great Eastern Shipping shares rose nearly 3%
- 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
