what about GUJRAT NRE coke

mahesh2007

Active Member
#2
Gujarat NRE coke (GNCL) is the largest metallurgical coke producer of India and with coking coal mines in Australia.
The company has 27.5 MW wind power generation unit and a setup for producing TMT bars from steel scraps using green wind power energy.
GNCL @153 is trading at 33 times price multiple of earnings while 52 week high was 181.
Unless one can keep it for next 4-5 quarters it should be bought within a range140-145 range with SL of 125.
 

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