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GMDCLTD Share Price Target
Gujarat Mineral Development Corporation Ltd.
NSE: GMDCLTD | BSE: 532181 | ISIN: INE131A01031 | Sector: Mining
GMDCLTD Rating
- ★★
- ★★
- ★★
- ★★
- ★★
4/5 (2 Ratings)
GMDCLTD Share Price *
58.25 -0.3 (-0.51%)
* (quote may be delayed)
2 GMDCLTD share price target reports by brokerages below. See what is analyst's view on GMDCLTD share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
You can also find GMDCLTD share price target tomorrow or next week from GMDCLTD discussion forum.
GMDCLTD Share Price Forecast - Consensus
| No. of reports in last year | 2 |
| No. of analysts | 1 |
| Average Consensus Forecast | 80.50 |
| Consensus Potential | 26.79% |
GMDCLTD Share Price Target - Broker Reports - 2019
Karvy Stock Broking
8-Aug-19
Price @ Call: 65.45
Target: 74
HOLD
Given the backdrop of depressed consumer sentiment, we believe that industrial activities will be hit in the medium-term leading to moderation in demand for lignite and power. However, in the long run, with the increase in capex from government and private players industrial activities will increase which will boost the demand for electricity and cement contributing in increased demand for lignite. Considering medium term outlook on lignite demand, we have valued the stock at PE 9.5x of FY21 EPS and have arrived at TP of Rs. 74 with potential upside of 13% and recommend “HOLD” on stock. Key risks to valuations are improvement in liquidity situation leading to increased industrial activities and increase in coal prices.
Karvy Stock Broking
14-May-19
Price @ Call: 72.95
Target: 87
BUY
Given the backdrop of strong demand for lignite from power generator (with about 80% lignite application) and cement manufacturer amidst volatile global and domestic market conditions, we expect that the sales and profitability of the company to remain at decently elevated level. We have valued the stock at 1 yr forward PE 6.5x of FY21 EPS and have reached at downwardly revised TP of Rs. 87 with potential upside of 19%. 5 years BSE Energy Index is trading at PE 13x. Risk to valuation could be cheapening of steam coal price in domestic and international markets and steeper contraction in industrial activities.
GMDCLTD Share Price Target - Broker Reports - 2018
HDFC Securities
13-May-18
Price @ Call: 131.76
Target: 210
BUY
Karvy Stock Broking
28-Feb-18
Price @ Call: 140.4
Target: 170
BUY
GMDCLTD Share Price Target - Broker Reports - 2017
HDFC Securities
15-May-17
Price @ Call: 134
Target: 160
BUY
HDFC Securities
10-Feb-17
Price @ Call: 116
Target: 140
BUY
GMDCLTD Share Price Target - Broker Reports - 2016
HDFC Securities
15-Dec-16
Price @ Call: 97
Target: 125
BUY
HDFC Securities
17-Oct-16
Price @ Call: 97.2
Target: 118.5
ADD
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GMDCLTD Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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