2 outlets◆ Mixed
Great Eastern Shipping rises 3% as Nomura retains Buy; projects up to 28%. Here's why
Indian markets moved higher.
28 Sept 2026 · Economic Times Markets, ET Stocks
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 company’s 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.