Buy Gujarat NRE Coke -Jan 2011

Gujarat NRE Coke has come out of a strong consolidation since last six months in the range of Rs 55-65. Now, the stock has broken the range, and it is likely to move into the next orbit crossing Rs 90 sometime this quarter, helped by increasing met coke prices. We are long term investors in this stock, and it also provides a good trading opportunity.

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