|
|
| Discuss Gujarat NRE Coke - I NEED HELP at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Friends, I entered Guj.NRE Coke at Rs93 (avg). The company is fundamentally strong and ... |
|
|||||||
| Notices |
| Equities Discuss & analyse stock market news, views, trends and your favourite stocks here. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
21st March 2006, 10:39 AM
|
|||
|
|||
Gujarat NRE Coke - I NEED HELP
Dear Friends,
I entered Guj.NRE Coke at Rs93 (avg). The company is fundamentally strong and has recently entered into a JV with an Australian company. It has announced FCCB of $70m, for which according to the SEBI guidelines, their share prices have to be higher than the current trading levels. (Rs 88-89). Their 52w high and low has been Rs 160 and Rs 81 respectively. Please advice weather i should stay invested at the current levels, or I should book loss  Some technical advice also required on the same. 
|
|
#2
23rd March 2006, 10:57 AM
|
|||
|
|||
Re: Gujarat NRE Coke - I NEED HELP
Hi Anand,
I hope you havent booked losses already. Yes, the company is fundamentally strong. Recently they have increased the prices by 1500 Rs/ton. Coke prices were around 10,000 Rs/ton for 3-4 quarters. This is when the price was at its peak. Then there was a reduction in the spot prices. It fell from 10,000 to 7500 Rs/ton. This caused the stock to decline from 161 to 81. Now with further increase in prices, Guj.Nre will definately see good times. Also their Australian minbes have started producing. Add to that the merger with FCGL with a 1:1 swap ratio. On Technical charts, there are good signs of the stock bottoming out. A trend reversal pattern is forming here. HOLD if you havent already booked losses. Thanks, Mohan
|
|
#3
23rd March 2006, 04:12 PM
|
|||
|
|||
|
Re: Gujarat NRE Coke - I NEED HELP
Hey Mohan...
Thanks a lot...your advise has been very valuble. The stock saw an uptrend today. Peaked at Rs100 and closed around Rs99. I have exited from this scrip. Thanks once again -anand
|
|
#6
20th October 2007, 11:33 PM
|
|||
|
|||
|
Re: Gujarat NRE Coke - I NEED HELP
Get back in with a stop loss of 93. And this time do not sell it so soon....
I own this stock since 50 and I added when it broke out above 68, so my average price is 67. I know almost everything about the co, and have met promoters etc. Real value of the company comes from the value of Australian coal mines. Expected 2010 earnings are a staggering Rs 50 per share, so co would be fairly valued at Rs 250. Not a time to sell a resource stock in a mining bull... -H Shah
|
|
#7
21st October 2007, 04:22 AM
|
|||
|
|||
|
Re: Gujarat NRE Coke - I NEED HELP
This stock is in strong resistance levels with expectation of a drop down to 87.50 immediately.
Going by historical data and charts this stock remains rangebound between 100 max and 50 low, with more expectations of 50 low.
|
|
#8
21st October 2007, 07:53 PM
|
|||
|
|||
|
Re: Gujarat NRE Coke - I NEED HELP
Exact drop to 91.03 here
|
|
#10
26th October 2007, 07:42 PM
|
|||
|
|||
|
Re: Gujarat NRE Coke - I NEED HELP
cool, follow murray levels, you will get every target
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Gujarat NRE Coke - I NEED HELP
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Welspun Gujarat | deba23 | Equities | 5 | 5th December 2005 12:33 PM |
| Regarding Gujarat Ambuja? | ssnkumar | Equities | 7 | 27th June 2005 06:17 PM |
| Coal & Coke | pahujasaurabh | Energy | 0 | 8th June 2005 08:21 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
