Marg Constructions rumored to go to Rs.1500 due to the imminent listing of Mundra Port IPO because of Marg`s Karaikal Port. Valuations are very low, hence there are rumors that Marg could reach Rs.1500.
Rs.1,500 seems far fetched for now. It definitely is under valued and has a lot of potential. It may reach 450 to 500 in the short to mid-term. Over the longer term, may be 3 years hence forth, once the Karaikal Port is fully operation and its SEZ in Chennai is up and running it may flirt with and even surpass Rs.1,000.
How perceptions change 6 months ago no one was ready to buy @ 50. Now I am happy to see some interest in this stock.
It has a very long term story --till 2020 some trigger is there on a regular basis - almost annually - i hear final completion of port is 2017 which is abt 46 mt from 4.5 abt 9 times then there is property development one boom cycel and vroom the profits will zoom.Sit tight and hold on for god knows what price you will see a new high target each year.
Completely agree with trulyfair. I started accumulating this stock at 39 levels and then bought again at 50 and then again at 85. Just did not feel like stop buying this stock. I even recommended it to all the people I knew, but no one, not even a single person bought it. Today I am laughing all the way to the bank and these people just watch me with envy / jealousy. Feels great. Love Marg.
| NIFTY 
