Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke, Suzlon Energy, JP Associates

Gujarat NRE Coke, Suzlon Energy, JP Associates

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

We recommend a buy in the stock of Gujarat NRE coke from a short-term perspective. It is visible from the charts of the stock that it has been on an intermediate-term uptrend from its March low of Rs 16.8, making higher peaks and troughs. However, in September the stock met with resistance around Rs 71 and has been since moving sideway in the range of Rs 60 and Rs 71. The stock has a significant long-term support at Rs 60. On December 14 the stock rebounded almost 5 per cent taking support just above this level, accompanied with high volume. We observe formation of a bullish engulfing candlestick pattern signalling short-term optimums. The stock's intermediate-term uptrend-line is in tact. The daily relative strength index (RSI) bounced from 40 level and is heading towards the bullish zone in the neutral region. Both the daily and weekly moving average convergence and divergence indicators are featuring in the positive territory. Our short-term forecast on the stock is bullish. We expect it to move up further until it hits our price target of Rs 73. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 62.

via BL

Gujarat NRE promoters pledge 15.96 pc stake

Coking coal manufacturer Gujarat NRE Coke on Monday said five of its promoters have pledged 15.96 stake of the company for an undisclosed amount.

Five of the company's promoters have pledged 75,309,956 shares representing 15.96 per cent stake, Gujarat NRE Coke said in a filing to the National Stock Exchange.

Mangaldeep Tradelink has pledged 11,900,000 shares representing 2.52 per cent stake for security against borrowing of Gujarat NRE Coke, Marley Foods has pledged 23,069,956 shares that is 4.89 per cent stake and Prince Dealcom has pledged 1.06 per cent stake or 14,000,000 shares of the company, the filing added.

Further, Arun Kumar Jagatramka has pledged 50,00,000 shares representing 1.06 per cent stake and Vartika Traders has pledged 4.54 per cent stake or 2.13 crore shares for securing the borrowings of Vartika Traders, it added.

The disclosure of pledged shares by Gujarat NRE follows market regulator Sebi asking promoters of the listed companies to disclose the amount of shares pledged with lenders.

The regulator's announcement comes in the wake of the Satyam scam, wherein promoter Ramalinga Raju had pledged nearly all his shares -- whose prices he had inflated by falsifying profits.

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Gujarat NRE Coke

Ultratech Cement, India Telecom, HDFC, Gujarat NRE Coke, India Strategy

Ultratech Cement, India Telecom, HDFC, Gujarat NRE Coke, India Strategy

Aban Offshore, Gujarat NRE Coke, Kalpataru Power, Larsen Tourbo

Aban Offshore, Gujarat NRE Coke, Kalpataru Power, Larsen Tourbo

IL&FS - Gujarat NRE Coke

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