BUY Gujarat NRE Coke

[nishanthcy]

Gujarat NRE Coke (BUY, CMP Rs161, Target Rs182)

Gujarat NRE Coke rose 14 % on back of news that POSCO had agreed to a 200% rise in coking coal long–term agreement
with Australian suppliers. Gujarat NRE Coke, with coking coal reserves of 560mn ton in Australia, is expected to benefit
from the rise in contract prices. The company is expected to manufacture ~1mtpa of coke in FY09E. With international
coke prices at an all time high, we expect the company to post strong results in the near term. We recommend investors
to buy this stock with a target of Rs182 in the near term.

[money]

seems good
but be carefully 

lots  news    around this one

so try to catch below  130  and exit  @  150

[frank]

BUY Gujarat NRE Coke   
looks good