GE Shipping has target of Rs 290: Thununguntla

Great Eastern Shipping Company has target of Rs 290, says Jagannadham Thununguntla, Head of Research, SMC  Global.

Thununguntla told CNBC-TV18, "GE Shipping has target of Rs 290. The company is running India's largest private  sector shipping business. The company is both in shipping and offshore business. On the shipping front the company  is doing the business of transportation of oil, gas, petroleum products and dry bulk volumes and on offshore business  the company is giving facilities and services to oil exploration and production side in the oil companies." He further added, "The company is planning to add to its existing fleet of 32 vessels and the addition is both on  shipping as well as the offshore front."