Global Offshore Services Ltd
GLOBOFFS

43.60

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Turnover (lac)
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Day's Vol.(shares)

43.50

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Turnover (lac)
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Reduce
Reco. Price
Rs 46.00
We recommend REDUCE on the stock as we expect decline in demand for offshore services from oil companies. This will affect earnings driven by oversupply of assets and low charter rates. Stock is currently trading at 2.6x FY17E EV/EBITDA. (Target Price – Rs.42)
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50 DMA (.)
57.14
100 DMA (.)
71.77
200 DMA (.)
104.18
Weekly Range (.)
42.80
48.00
Monthly Range (.)
42.80
58.00
52 Weeks Range (.)
42.80
226.20
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