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Varun Shipping Short Term Buy | TopNews

Varun Shipping Short Term Buy

As per view of technical analyst Hitendra Vasudeo of Stockmechanics.com, Varun Shipping can be purchased for above Rs 87 with strict stop loss of Rs.70. For achieving a target of Rs.103-136, investors can buy stock at current prices to be sold in short term.

At the National Stock Exchange, the stock has touched 52-week high of Rs.87 and a low of 49.

The stock is currently trading at P/E of Rs.5.22 with an earning per share of Rs.16.02.

Varun shipping company is a private sector company in India, which presently operates a fleet of 20 vessels for seaborne transportation of bulk cargoes mainly in the hydrocarbon sector including LPG, crude oil and petroleum products.

The company also offers a comprehensive shipping solution for the entire hydrocarbon product chain.

Analyst Views: