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Companies aiding India’s frontline ship building stocks have more upside.
Shipping is a significant in the current world as 80% of world trade by volume and 70% by value happens via ships.
So, if India is to be a key player in the global supply chain, it must become a hub of shipbuilding and repair as well.
The conversion of diesel ships into green fuel vessels and the growing acceptance of ‘Made in India’ brands have brought a turnaround in the global shipbuilding market.
Indian shipbuilders are set to have a huge market for commercial vessels from Europe, France, Greece and the Middle East in the next five years,
Currently, the country accounts for about 20% of the market demand for commercial vessels worldwide.
So, should one be wary of shipping stocks or should we expect multibbager gains? Find out…
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7 сен 2024