Miscellaneous
Shipping
from 1,624 today
We initiate coverage with a Buy rating and a target price of Rs 2,058/share, based on the DCF method, supported by structural tailwinds in the offshore vessel market and fleet expansion plans.
Driven by structural tailwinds in the global high-spec Diving Support Vessel market and a strong fleet rejuvenation program, SEAMEC is well-positioned for solid earnings growth. We initiate coverage with a BUY rating and a target price of INR 2,270 based on DCF valuation.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
