Investment Idea -5 G E Shipping : Smooth sailing

G E Shipping : Smooth Sailing ahead !
Investment Guru recommends Investors to buy G E Shipping from a medium to long term perspective

CMP : 140.50
Target : Rs. 190 (3-4 Months)

What makes G E Shipping a good buy ?
1. G E Shipping is a high Dividend paying company. The company declared dividend of Rs. 9 last year. This stock is a great pick for Investor betting on dividend yield.

2. The company has earned a profit of Rs. 809 crores last year, which was 72% more as compared to previous year.
3. Total Revenues were up 48% at Rs.2119 Crores
4. The global oil demand is expected to rise by at least 2%. This will result in higher supply for oil and consequently higher business by shipping companies.
5. The tonnage rates are expected to see a marginal drop which will be compensated by the higher volumes.
6. The company has posted a robust EPS of Rs.43.81 per share as compared to Rs.22.63 last year.
7. At current levels the stock is trading at a P/E of just 3.2 which makes it a attractive investment at these levels.
8. Mutual funds are reported to be accumulating the stock at the current levels.

Happy Investing !