- Sector : Power
- CMP : Rs. 76
- 52 Weeks High : Rs. 78
- 52 Weeks Low : Rs. 53
- 3 Month Target Price : Rs. 100
- Risk : High
About the Company
Gujarat Industries Power Company (GIPCL) is having three power plants in Gujarat state with total installed capacity of 555 MW.The company achieved net sales of Rs.795.58 crores for FY 07 with other income of Rs.87.21 crore.
Between the Line
Share is a good bet at Rs.70-73, which can touch Rs.100 mark in the next 3 months, with absolutely no downward risk. Even dividend of 20% is quite heartening. One can buy this safely for steady gains.
Disclaimer : I am holding the above stock, so this may influence my recomandation.
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