Invest in Gujarat NRE Coke: VK Sharma

Invest in Gujarat NRE Coke, says VK Sharma of Anagram Stock Broking.

Sharma told CNBC-TV18, "Gujarat NRE Coke is a better company in this sector and the ancillary companies are slated to do well incase the steel sector per say does well. So barring a quarter or two, the first two quarters of FY10 and thereafter the overall sector should do well and from that perspective it is a company, which has its all backward ends tied up in terms of mining rights which it has in Australia and extensive capacity in India at three locations. A good expertise and investor friendly company doesn’t leave one opportunity before giving a bonus to share holders whatever the issue is, so currently it’s not too expensive and going by the past track record and the prices have bottomed out at around USD 120 and thereafter this company which does not sell in terms of a yearly contract but it does sell on a monthly contract stands to benefit incase the prices go up. So you can continue to be invested in this particular stock.”