Monday 6 October 2008

HDFC Securities positive on Great Offshore

HDFC Securities has a positive view on Great Offshore because of the company’s high growth and low risk business model.

HDFC Securities' Report:

We believe the high earning visibility from marine and port services and huge cash on its book will be utilized for asset acquisition or new orders. We are in the process of initiating coverage on the shipping sector where we will give a target price on the company’s stock. However, we have a positive view on the stock because of the company’s high growth and low risk business model.

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Source: MoneyControl

Posted by Harsh at 06:59

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.