Great Eastern Shipping Company Share Price

Great Eastern Shipping Company Investment Rating

• Master Rating:

• Great Eastern Shipping has an operating revenue of Rs. 4,668.20 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 17% is great, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 21% and 53% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 18% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 99 which is a GREAT score indicating consistency in earnings, a RS Rating of 89 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 5 indicates it belongs to a strong industry group of Oil&Gas-Transprt/Pipelne and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has great fundamentals and technical strength to stay in momentum.