Gammon India

Gammon -Prathibha joint Venture bag bangalore Water supply contract

Posted by : WhatsUP
Price when posted : BSE: Rs 237.25 ( -4.57 % ), NSE: Rs. 237.90 ( -4.00 % )

Pratibha Industries rose 2.06% to Rs 267.70 at 9:55 IST on BSE, after a joint venture of the company secured an order worth Rs 309.46 crore....

Gammon -Prathibha joint Venture bag bangalore Water supply contract

Posted by : WhatsUP
Price when posted : BSE: Rs 241.45 ( -2.88 % ), NSE: Rs. 241.30 ( -2.62 % )

A joint venture (JV) of Pratibha Industries with Gammon India has bagged the latest order from Bangalore Water Supply & Sewerage Board for procurement, fabrication and laying of clear water. The project is to be executed within 26 months.

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Gammon has JV not only with Pratibha but also with L&T
so it is actually a very prestigious construction company available right now for a song!!

Strong buy at these levels as liquidity(public holding) is less than 5%

=happy investing...

gammon infra 850 Cr highway project in bihar

Posted by : WhatsUP
Price when posted : BSE: Rs 248.60 ( 9.32 % ), NSE: Rs. 247.80 ( 0.00 % )

"The NHAI has given the letter of award to the company for upgrading NH-47 from Patna to Muzaffarpur in the State of Bihar," Gammon Infrastructure Projects said in a statement to the Bombay Stock Exchange (BSE).

The estimated cost of the project is Rs 8.50 billion, it said and added that the concession period of the highway project is 15 years including the construction period of 2.5 years.

The company has been awarded this road project under the National Highways Development Project (NHDP) of the NHAI on a build, operate and transfer (annuity) basis.

Under the project, Gammon Infra would be responsible for upgrading the existing highway (NH-47) to a four lane dual carriageway and constructing a 16.8-km bypass that will connect NH-28 of the East-West Corridor with the state, it added
...

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Posted by : WhatsUP
Price when posted : BSE: Rs 248.60 ( 9.32 % ), NSE: Rs. 247.80 ( 9.11 % )

My Friend:

Pillars will fall if Public Works department starts digging a tunnel for Water/Cables/Sewer etc... as the strength of a pillar not only comes from the construction of the pillar but the stability of the ground around it..

unfortunately the news flow is only: "One more pillar fell"
A more proper news flow should investigate the reasons.

The last time the pillars fell it was the PWD which had done some digging close to the pillars which never made it to the news..

=happy investing...

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Posted by : patelkanu
Price when posted : BSE: Rs 248.60 ( 9.32 % ), NSE: Rs. 247.80 ( 9.11 % )

Gammon India is very good company .One must not underestimate the strength of the company.As per me stock may soon Rs.300/- they havelong list of pending orders .Buy ,if you do not have this stock in your oportfolio.

KGPATEL,AHMEDABAD...

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Posted by : rajkishore420
Price when posted : BSE: Rs 248.60 ( 9.32 % ), NSE: Rs. 247.80 ( 9.11 % )

You are right friend....

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 227.40 ( -2.86 % ), NSE: Rs. 227.10 ( -3.13 % )

whose contractors metro pillar fell today...

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Posted by : WhatsUP
Price when posted : BSE: Rs 240.30 ( 0.52 % ), NSE: Rs. 241.60 ( 0.65 % )

Naughty007:

It is not Gammon but one of the subcontractors..
Gammon is already prequalified for Nuclear power plant construction... It is very strong in its area and now with the merger of Power Transmission company the promoters have increased their stake at very competetive rates.. you can expect the company stock to be atleast 1000 in a year or two.

Company is very well placed to take advantage of the construction boom!!

=happy investing...

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Posted by : jmanoj
Price when posted : BSE: Rs 241.00 ( 0.82 % ), NSE: Rs. 241.50 ( 0.60 % )

hey its an old news....where gammon was banned by DMRC after some pillars crashed....but now the impact on this stock is far from over. Gammon is a very good company with a handful of projects in hand......so no worries at the moment..I recommend a buy on this stock with a target of 325-330 in 6-7 weeks....

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 239.05 ( -0.06 % ), NSE: Rs. 240.05 ( -0.46 % )

i hear they r not being given more metro contracts after their poor pillars crashed in delhi...

suggest

Posted by : jmanoj
Price when posted : BSE: Rs 239.05 ( -0.06 % ), NSE: Rs. 240.05 ( -0.46 % )

This stock will definitely move to 325 levels in 5-6 weeks. This is a very good company with good fundamentals and you can definitely expect 60-70% growth from these levels in 1 year. So I would strongly suggest you to hold this stock....

suggest

Posted by : deepenraiyani
Price when posted : BSE: Rs 239.20 ( -1.42 % ), NSE: Rs. 241.15 ( -0.58 % )

what is future of this stock? may i hold it for 1 year?...

Buy Gammon

Posted by : rajkishore420
Price when posted : BSE: Rs 242.65 ( 4.88 % ), NSE: Rs. 242.55 ( 5.11 % )

The stock looks quite positive. Risk takers may make an entry for a short term target of 270....

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Posted by : NAUGHTY007
Price when posted : BSE: Rs 229.50 ( -2.36 % ), NSE: Rs. 229.75 ( -2.03 % )

why down when mkt up...

bogus calls

Posted by : nbstar
Price when posted : BSE: Rs 229.50 ( -2.36 % ), NSE: Rs. 229.75 ( -2.03 % )

Thank you for your information. I hope this will cross 250/- soon....