MUNDRA PORT AND SPECIAL ECONOMIC ZONE

Mundra Port And Special Economic Zone having gone public in November 07 had issued 402.50 lakh equity shares of Rs 10 each at Rs 440 per share. Share got listed on 27.11.07 and closed at Rs 962 on that day. Its 52 week high low is at Rs 1,324 and Rs 250 and is now ruling at Rs 282.
It is like Mumbai Port Trust owning huge land in Mumbai near Mumbai Port Trust which has value running into thousands of crores of rupees.
The share had its 52 week low of Rs 250 having seen on 28.11.08 and now ruling at 282 which is close to its all time low. Promoters stake of 81% also instills confidence and even Pre –IPO investors of 9% continue to remain invested in the company, inspite of shares having gone out of lock in.

We have recommended investment in the stock at 440 levels in IPO and investors got good opportunity of making huge gain. Those who have missed an opportunity to acquire the stock in the past or have booked profit are advised to buy it now at 282 levels, but with 12 months view. Share is now available at such a low valuation, due to depressed market conditions, coupled with negative outlook on realty and infrastructure stocks.

The working of such companies would not hamper as they are catering to the growth of the economy being core sectors and would continue to grow with the backing of its owned assets.

Those holding the stock having acquired in IPO are advised to remain invested and even further buying can be made at 282 levels. These stocks are truly eligible to enjoy the fruits of the growing Indian economy.
thanks