Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.
With coal prices at a high..power producers have no option but to mix coal with lignite to reduce their costs.. GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off.. This works well for the company as its been adding many new customers and until coal prices cool off this...
entry 141.65 sl 133 risk 216rs qty 25 nice breakout of trendline and break of small resistance
Can buy with a small stoploss of 120 or on dip to 126-27 area.Presently in high volume profile area of 126-133 and fibo 61.8 area of last rise time zone is also in favour and macd is showing buying interest .Results are expected to be above normal .bonus is also round the corner as share having a high book value of 140 and last bonus was in year 2008. Power...
We are entering high resistance zone of 159-163. And end of 4th wave one more down wave may take it to 124 to 110 level
we have 2 targets on downside where it is expected to get decent support 167-68 and 161-63 range .dividend yield of rs 2.7 % is also very attractive seeing bonus is also round the corner and company doing extremly well in all field. 4th down wave is expected to end near this levels
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GMDC SHORT Expecting downmove for few days. -15% Just view, No recommendations.
we are fast rise and have a target of 218-223 previously the same was achieved on 03-12-2012. As RSI and MACD are overbought we might have some cooling from this point and do a minimum 20 percent correction .longs can target above 315 achieved on 03-12-2007( cum bonus) as we are expecting a decent bonus as book value of share is 150.
3rd wave target of 199-200 and channel resistance is near. Though their is rumor of bonus in market as company is doing superb and bumper profit expected in 4th quater result. Since last bonus was about 14 years ,presently company has a book value of 140 rs which makes it ripe for a bonus
we are moving toward our target of 3rd wave 180-86( previous top 2 oct 2017 rs 181 and 03 dec 2012 rs 222 and 01-11-2007 all time high of 315 cum bonus) and if crosses 187 with volume we are heading toward 208-10 zone Use super trend 10.2 and MACD and fibo retracements as your tools. This year also expect bonus 1:1
we have a target of 180-81, if crosses 183 will target 222 . Super result with Bonus expected as more then 14 years since last bonus and Book value more then 125 Rs
GMDC - Investment pick Extremely favourable risk reward ratio here. We have a channel breakout & 200 ema. It might come down for a retest of the channel or 96 levels. Investors can buy accordingly.
heavy volume on Friday took the share to 53 week high of 111 and was freeze over their ,public holding is very low of 26 percent compromising of institutional holding also it has a number of projects of lignite mining,flourspar,bauxite, other metals,power generation through lignite ,wind farm and solar power having significant cash balance also buy with a minimum...