The Economic Times

Great Eastern Shipping rises 3% as Nomura retains Buy; projects up to 28%. Here's why

Great Eastern Shipping shares rose nearly 3% after Nomura retained its Buy rating and set a Rs 1,965 target, implying 28% upside. The brokerage sees the companys Rs 8,000 crore net cash position as a key advantage, allowing it to expand its fleet and capitalise on lower vessel prices during a downturn.