Limited upside in Great Offshore: N Shah
August 6th, 2009
Nilesh Shah of Envision Capital is of the view that there is a limited upside in Great Offshore from the current level.
Shah told CNBC-TV18, “I tend to agree that there is limited fundamental upside in Great Offshore. It is not that this whole bidding war is going to be an endless game and at some stage there is going to be a stop to it. I think when one of the potential bidders thinks that your bid price is significantly leading to overpricing. So I think unless somebody decides to really pay significant premium but beyond that from the current levels there seems to be very limited upside.”