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Q.

Is the share of Orissa Mineral Development Corp worth buying at current rates?

About: Orissa Minerals Development Company Ltd.

Tags: money
Asked by jishnudeb, 07 Aug '10 02:50 pm
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Answers (6)

1.

Yes you can buy for target of Rs. 3.5 lakh in 3 month
Answered by vaibhavagrawal, 05 Nov '10 08:33 pm

 
  
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2.

Yes. Now @ 24,900. This is very good price to buy.
Accumulate 2 shares immediately and buy more on dips.
Answered by ExpertsDen com, 21 Sep '10 10:19 pm

 
  
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3.

High priced shares r risky.If u have got the time ,money n capacity to take risk u can buy for a target of 50,000 in the long term.
Answered by Damodar Biswal, 09 Aug '10 12:50 pm

 
  
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4.

Its on its life high, be cautious, its good but risky
Answered by veeravenkata satyanarayana, 08 Aug '10 07:49 pm

 
  
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5.

Definately worth buying. I partially agree with Mr saboo. with such huge iron ore reserves, the price of Rs. 50,000/- is very conservative.
the company also has manganese ore reserves of 44 mt. Bare in mind the price of manganese in international market is about three times Limited through eastern Investments. The annual iron ore requirement of RINL (rashtriya ispat nigam limited) is about 5.2 mt. An additional turnover of 5.5 mt if added to the existing turnover of iron ore business of OMDC should bring in a whooping ADDITIONAL EPS of Rs. 16333/- per share of the face value of Rs. 10/-. These are the figures pertaining to ironn ore business only. Manganese ores businessnot taken in consideration for calculaing the above figures. In my personal opinion , if the euqivalent market cap of NMDC is given to OMDC then, as per current financials the fair value of OMDC should be some where to the tune of Rs. 150,000/-

For detailed discussions you can email me at : hiteshraja@gmail.co ...more
Answered by Hitesh Raja, 07 Aug '10 05:38 pm

 
  
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6.

YES DEFINETLY.... A COMPANY WITH HUGE RESOURCES (220 MN TONNES OF IRON ORE), HUGE CASH RESERVE (750 CRORES), HIGEST DIVIDEND PAID CO, FUTURE OUTLOOK POSITIVE... SHARE CAPITAL ONLY 6 LACS.... AT SIMPLE INDUSTRY P/E ITS WORTH > 50000/SHARE.

MAIL ME FOR DETAILED REPORT AT - rohit.saboo@gmail.com
Answered by rohit saboo, 07 Aug '10 03:23 pm

 
  
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