GUJ NRE COKE - Very good buy

GUJ.NRE.COKE Cmp Rs.64, Indian company with coking coal mines in Australia having more than 560 million tons of Metallurgical Coal resource with excellent coking properties would see good move.

Australian Prime Minister Kevin Rudd ’s resignation over his proposed tax on mining, GUJ.NRE.COKE will benefit most as this Company major operation is in Australia and this stock corrected after news of Super Tax on miners hit the stock which corrected from high of Rs.93.

http://www.business-standard.com/india/news/maoist-threat-hampering-coal-output-minister/98976/on  The threat of Maoist attacks is hampering coal mining in several states, keeping production lower than the demand from growing industries, Coal Minister Sriprakash Jaiswal said on Wednesday. "If law and order situation is improved, coal production can rise by at least 25 per cent," Jaiswal told reporters.