The NAV of GE is Rs300, but if you remove inter corp investments its more like Rs230. People dont look at shipping on qtr to qtr basis, they r looking ahead at possible IPO or QIP of offshore div....

GE Shipping is a share to be added at dips. Targets Rs. 275 and Rs. 295+. Balkan Dry Index is up. Considered good for shipping shares....

I sold 50 shares at 255 but after that again it started gaining. I will do as you did for remaining 150 shares. ...

Thanks. Can you advise what should be the exit target as price is decreasing today. ...

I waited for 215 but it is gaining and going towards 270...

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+...

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???... ...

GE Shipping - can exit from this stock at price 290+ and book your profits. ...

I have sold 25 shares at 257, 50 shares at 259 and 25 shares at 264 yesterday & today....

I too am holding these shares and when it becomes 270 I shall sell and when it goes that low I shall buy....

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

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

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 ?...

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/-...