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| Discuss Gujrat Mineral Dev Corp at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; A Good stock to buy for medium to long term investors. Good fundamentals and great ... |
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#1
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A Good stock to buy for medium to long term investors. Good fundamentals and great growth pattern. CMP 600, One year target 1500+. Buy on all major dips.
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#2
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Thanks a lot jnj333 sir
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#3
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Yes JnJ, Its a Good Pick.
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#4
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I would say GMDC will rock like NMDC ... I am bullish on it..
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#5
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Quote:
PS: This is a nice call and i'm holding this share before it got split. Best Rgds, Birjubanarasi ![]() |
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#6
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Some reasons that I can give
1) They have the largest Lignite reserves in India 2) Peers are outrunning and this one is slow moving and soon will catchup 3) Will start adding more power plants in the near future 4) Bonus issue on the horizon 5) New mining policy due in december |
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#7
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GMDC being the No.1 PSU of Gujrat has some major positives-
1.Rapid growth of Sales - From 600cr last year it is expected to do about 1000cr this year (already done 400cr in six months). EPS has jumped more than 500%. According to chairman , he sees company doing 10000cr sales in few years (can we take his word, sure, seeing the previous growth pattern, I see it doing 10000cr by 2010 so that would be a 1000% jump from the current year, imagine where the valuation of the stock can go) 2.There could be major positives for the mining companies in the recent to be announced mining policy. 3.In the next five years GMDC is aiming to become a 5,000-MW capacity generator in association with both private players and State public sector units. This would involve an investment of around Rs 25,000 crore. Will keep updating this space. Regards jnj |
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#8
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Quote:
jnj |
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#9
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Accumulate for a horizon of 6 to 18 months.
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#10
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Hey Jnj
I bought GMDC at 608. Now its at 560. Can i still hold it? Thanks in advance, Prakash |
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