Anil Manghnani of Modern Shares & Stock Brokers is of the view that Gujarat NRE Coke has target of Rs 38.5.
Manghnani told CNBC-TV18, "Gujarat NRE Coke could be a nice contrarian buy. Rs 38.5 would be the first target. Once it takes out that then one could see a really fast movement in this stock; first Rs 41.5 and then around Rs 47-48 levels."
