Great Eastern Shipping Company

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Posted by : sarah30303
Price when posted : BSE: Rs 247.75 ( -3.03 % ), NSE: Rs. 246.85 ( -3.40 % )

I am saying GE Shipping will fall to 215/- bcoz their 2nd Quarter results are so poor. ...

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Posted by : sarah30303
Price when posted : BSE: Rs 247.75 ( -3.03 % ), NSE: Rs. 246.85 ( -3.40 % )

If the market falls (correction is overdue) then sadly GE Shipping will fall to Rs 215/- So dont ask next target after 270 !!!...

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Posted by : noms
Price when posted : BSE: Rs 247.15 ( -3.27 % ), NSE: Rs. 246.00 ( -3.74 % )

what is the next target after 270...

Buy GE shipping

Posted by : rajkishore420
Price when posted : BSE: Rs 250.60 ( 0.56 % ), NSE: Rs. 250.55 ( 0.58 % )

GE shipping has a immediate target of 270....

should reach 400 levels in two

Posted by : investor11
Price when posted : BSE: Rs 250.60 ( 0.56 % ), NSE: Rs. 250.55 ( 0.58 % )

Next week 280 by month end 320+ cheers...

should reach 400 levels in two

Posted by : thega
Price when posted : BSE: Rs 252.00 ( 1.12 % ), NSE: Rs. 251.40 ( 0.92 % )

Baltic Dry Index

The Baltic Dry Index is a measure of the international price for sending commodities by sea. It is calculated by combining the price of different shipping sizes for dry commodities. Commodities include, metals, grains, crude oil.

there has been sudden surge in shipping rates and now BDI is well above 50 dma and 200 dma. This is certainly good news for shipping companies.




Since, Baltic Dry Index is based on true shipping costs, it inspires more confidence that things are moving on ground oops sea; and there is global trade that is happening at relatively better pace.

Shipping stocks got hammered pretty badly in current market decline. But assuming, that our markets might settle down, considering global setup - Will shipping stocks make a comeback? GE Shipping stock is right at 200 dma.



GE Shipping during current stock market correction tanked to 200 dma; and in last couple of days has bounced back. The stock looks good for strong run-up if broader market holds up. The stop loss for this trade now should be below 200 dma (232) and target = 280+...

should reach 400 levels in two

Posted by : sarah30303
Price when posted : BSE: Rs 243.30 ( 3.95 % ), NSE: Rs. 243.10 ( 4.58 % )

But when Book Value is 320 why is it so low ? Why did GE reach 300 before 2nd quarter results were announced which turned out so poor ?...

should reach 400 levels in two

Posted by : chief_kamani
Price when posted : BSE: Rs 238.70 ( 1.99 % ), NSE: Rs. 239.55 ( 3.05 % )

At CMP it is a value based buying!!Its a cash rich company.BV and NAV very strong!!USA and Europe Targeted for growth and recovery!!China buying commodities in bulk and stocking it!!So when else can you buy GE Shipping at these"Bargain Basement"prices???... ...

should reach 400 levels in two

Posted by : chief_kamani
Price when posted : BSE: Rs 238.60 ( 1.94 % ), NSE: Rs. 238.85 ( 2.75 % )

sarah30303-but your wishes of buying it so low may not be fulfilled!!Please understand that world economies are turning around from depression to growth!!
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should reach 400 levels in two

Posted by : sarah30303
Price when posted : BSE: Rs 238.95 ( 2.09 % ), NSE: Rs. 238.85 ( 2.75 % )

But Chief why is GE Shipping not going up when Sensex has gone up 375 points ??? If market slumps then GE Ship will be around Rs. 200/-...

should reach 400 levels in two

Posted by : chief_kamani
Price when posted : BSE: Rs 240.50 ( 2.76 % ), NSE: Rs. 239.60 ( 3.08 % )

sarah30303-It cant be so cheap!!GE Shipping is cash rich company!!See its going up!!Hope all Investors went ahead and bought it!!
...

should reach 400 levels in two

Posted by : sarah30303
Price when posted : BSE: Rs 233.30 ( -2.99 % ), NSE: Rs. 231.75 ( -3.68 % )

It will be more cheap when it slides to Rs. 205/- very soon...

should reach 400 levels in two

Posted by : rk2009
Price when posted : BSE: Rs 240.50 ( -4.88 % ), NSE: Rs. 240.60 ( -4.07 % )

yes it is very cheap at current market price I totally agree with you....

should reach 400 levels in two

Posted by : chief_kamani
Price when posted : BSE: Rs 240.50 ( -4.88 % ), NSE: Rs. 240.60 ( -4.07 % )

rk2009-At CMP it is a value based buying!!So there will be recovery as USA and Europe Targets for growth!!So when else can you buy GE Shipping at these"Bargain Basement"prices???...

should reach 400 levels in two

Posted by : rk2009
Price when posted : BSE: Rs 240.50 ( -4.88 % ), NSE: Rs. 240.60 ( -4.07 % )

recovery isthere inthe barell price 30dollar to 80 dollar.and the price behaviour is linked to DOW chart.Recovery is inevitable...