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Stay invested in GE Shipping till demerger happens
Amit Dalal of Amit Nalin Securities is of the view that GE Shipping is a strong company. Demerger is good for management and good for shareholders. One should stay invested in the stock till the demerger happens.
Amit Dalal of Amit Nalin Securities is of the view that GE Shipping is a strong company. Demerger is good for management and good for shareholders. One should stay invested in the stock till the demerger happens.
Dalal told CNBC-TV18, "GE shipping is trying to do the demerger again, which is definitely a sensible course of action. I feel bad for them because they have been trying hard for 15 months to put this thing behind them and whatever problems they have had. I mean it is a strong company but they haven't been able to solve it that easily."
He further added, "It is good for management, good for the shareholders and definitely when one sees a stock like GE shipping undervalued for a long time. It triggers like this whether it happens at one time or it happens over a period of time which finally revalue the stock and the stock calls for a revaluation."
"If one is going to wait until the demerger completes and gets the full benefit of the sum of part then I think one should invest in it. If one wants to time the market in terms of disappointed players because maybe no announcement will come for atleast in a month then maybe one could wait for a lower price. But the sum of parts would be higher than this."
Disclosure: I might have bought or recommended to buy or sell the above stock. My personal portfolio or my trading is not bias to what I have said today.
