Mundra Port listed and trades at Rs.980

Thebullishtrends: The Adani Group promoted Cargo Terminal, Mundra Port has liste today at Rs.770, and traded high at Rs.1150 and now it is trading at Rs.980.

Mundra Port is setting up of the 3omn tonne imported coal terminal at Mundra Port, expected to be operational from 2011.Now the company is having 2 container train rakes and will setup upto the 20 rakes within 18 to 20months. The company is developing the SEZ along with the port.

The present price Rs.980 discounts PE 208 times as per the annulised EPS of Rs.4.7.