If the delisting does go through then I don’t see a significant downside from the current price which is most likely to occur at a premium above the book value so at a minimum about Rs 400 might be on the table.
You are right much of the traffic is between, ports on the western coast and eastern coast but I do see SSL Brahmaputra frequently travelling between Arabian ports and Singapore ports with stopovers in Indian ports.
The fact that Indian shipping stocks are not commanding very high P/E or P/B multiples does not mean that they won’t command them. They are an opportunity precisely because they don’t right now and have every reason to do so.
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