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Showing posts with label Great Eastern Shipping. Show all posts
Showing posts with label Great Eastern Shipping. Show all posts
Sunday, January 09, 2011
The Great Eastern Shipping Company
The continuing lacklustre run of the Baltic Indices (indicative of global shipping freight rates) over the past few months has resulted in many shipping stocks exhibiting weakness on the bourses. The Great Eastern Shipping Company (GESCO), India's largest private sector shipping company, too has not been immune to this.
The scrip gave up some of the gains seen in the last calendar and has lost almost 14 per cent since mid-November. Its current price of Rs 321, however, presents a good buying opportunity for investors willing to wait out for at least one to two years, by which time the cyclical industry's dynamics are likely to turn favourable.
Sunday, June 06, 2010
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