At 6 times FY19 estimated earnings, GMDC remains one of our attractive picks in the mining space
While markets continue to analyze the impact of the macros, it is time to deep dive into fundamentally strong ideas that should be gradually accumulated in this weak phase with an eye on long-term returns.
HDFC Securities is bullish on GMDC has recommended buy rating on the stock with a target price of Rs 210 in its research report dated May 13, 2018.
In FY19, the company is expected to report an EBITDA of close to Rs 655-660 crore
HDFC Securities is bullish on GMDC has recommended buy rating on the stock with a target price of Rs 160 in its research report dated May 15, 2017.
Gujarat Mineral Development Corporation (GMDC) could be one of those boring commodity stocks that have given no returns since the last burst of commodity cycle in 2008. But growth in volumes and realisations provides a good earning visibility, which will be further enhanced because of the implementation of GST.
Brokerage house Emkay Global Financial Services is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target price of Rs 139 in its March 11, 2014 research report.
Sushil Finance is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a price taget of Rs 142 in its August 12, 2013 research report.
Brokerage house Ventura Securities is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended a 'buy' rating on the stock. However the firm advised to hold CESC and DLF in its research report dated June 07, 2013.
Angel Broking is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 193 in its June 4, 2013 research report.
Angel Broking is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 213 in its April 08, 2013 research report.
Sushil Finance is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 249 in its February 6, 2013 research report.
AnandRathi has come out with its report on top Diwali picks.
Sushil Finance is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 249 in its October 19, 2012 research report.
Firstcall Research is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 219 in its August 3, 2012 research report.
Ventura is bullish on Gujarat Mineral Development Corporation and has recommended buy rating on the stock with a target of Rs 255 in its July 23, 2012 reports.
Aditya Birla Money is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 200 in its August 26, 2011 research report.
According to Aditya Birla Money, traders can sell GMDC Future below Rs 161 with a stop loss of Rs 168 for a target of Rs 140-135, in its July 8, 2011 research report.
Aditya Birla Money is bearish on Gujarat Mineral Development Corporation (GMDC) and has recommended sell rating on the stock with a target of Rs 125-120 in its May 4, 2011 research report.
Aditya Birla Money is bearish on Gujarat Mineral Development Corporation (GMDC) and has recommended sell rating on the stock with a target of Rs 130 in its May 2, 2011 research report.
Bonanza is bullish on Gujarat Mineral Development Corporation (GMDC) and has recommended buy rating on the stock with a target of Rs 146 in its March 21, 2011 research report.
According to IIFL, traders can sell Gujarat Mineral Development Corporation (GMDC) Future below Rs 112 with stop loss of Rs 115 for target of Rs 106, in its February 23, 2011 research report.