Query: I have 2100 shares of Essar Shipping @ 227,what should I do I heard that Essar Shipping in A group from 3rd March'08, is this help Essar Shipping price & please let me know short term target of this. S Kitawat
Thebullishtrends: Essar Shipping share price closed on Friday at Rs.165.45. Essar shipping is trading in A group only. As per the lastest information Essar Shipping is planning to buy 5 ships for USD 500 million. Essar Shipping has posted imressive financial results for the Q 3. Essar group is planning to bring all Essar group logistics infrastructure related companies under the one roof as they wish to offer a larger,balanced platform for growth to Essar Shipping Investors.Vadinar Port is one of the subsidiary for Essar Shipping it is worh of more than Rs.20,000 cr. Ruias are having investment plans on this port. You can accumulate some more from this level to get better average price. Hold atleast for 6 months.
