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Gujrat Mineral Dev Corp

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  #1  
Old 12th November 2007, 01:22 PM
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Default Gujrat Mineral Dev Corp

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  
Old 12th November 2007, 02:50 PM
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Default Re: Gujrat Mineral Dev Corp

Thanks a lot jnj333 sir
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  #3  
Old 12th November 2007, 03:04 PM
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Default Re: Gujrat Mineral Dev Corp

Yes JnJ, Its a Good Pick.
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  #4  
Old 12th November 2007, 06:46 PM
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Default Re: Gujrat Mineral Dev Corp

I would say GMDC will rock like NMDC ... I am bullish on it..
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  #5  
Old 13th November 2007, 11:22 AM
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Default Re: Gujrat Mineral Dev Corp

Quote:
Originally Posted by jnj333 View Post
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.
Dear jnj, please provide some supportive reasons. It will be great if u can provide the risk factors too.

PS: This is a nice call and i'm holding this share before it got split.

Best Rgds,
Birjubanarasi
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  #6  
Old 13th November 2007, 11:32 AM
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Default Re: Gujrat Mineral Dev Corp

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  
Old 13th November 2007, 11:57 AM
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Default Re: Gujrat Mineral Dev Corp

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  
Old 13th November 2007, 11:57 AM
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Default Re: Gujrat Mineral Dev Corp

Quote:
Originally Posted by satishjk View Post
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
Good reasons. Thanks

jnj
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  #9  
Old 14th November 2007, 10:49 AM
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Default Re: Gujrat Mineral Dev Corp

Accumulate for a horizon of 6 to 18 months.
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  #10  
Old 16th November 2007, 10:33 AM
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Default Re: Gujrat Mineral Dev Corp

Hey Jnj
I bought GMDC at 608. Now its at 560. Can i still hold it?
Thanks in advance,
Prakash
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