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Gujarat NRE Coke a good midcap pick: Vijay
Portfolio Manager, PN Vijay feels that Gujarat NRE Coke is a good midcap pick. It looks very interesting because there is nothing wrong with the business model, they are delivering on whatever needs to be done and their products are going to be in demand even if China has a bit of a pullback in production because the domestic demand is also huge.
Vijay told CNBC-TV18, "Gujarat NRE Coke and Sesa Goa use to the favorites of the market not long ago. I think between the two Gujarat NRE Coke looks very interesting because there is nothing wrong with the business model, they are delivering on whatever needs to be done and their products are going to be in demand even if China has a bit of a pullback in production because the domestic demand is also huge. They did some mistakes with pricing of their offerings and the markets being very severe with them. But at this price if one wants take an exposure in whole metal related space then I think Gujarat NRE Coke is a good midcap pick."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
