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GMDCLTD Share Price Target
Gujarat Mineral Development Corporation Ltd.
Sector: Mining
Sector: Mining
GMDCLTD Share Price *
68 -0.1 (-0.15%)
* (quote may be delayed)
GMDCLTD Share Price Forecast - Consensus
| No. of reports in last year | 2 |
| No. of analysts | 1 |
| Average Consensus Forecast | 80.50 |
| Consensus Potential | 14.85% |
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
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