I also feel stag profit takers from the IPO (I am not expecting that many), might be attracted to GUJ with some of those profits as a form of diversification, especially if the value margin between the two should grow.
I also believe there are efforts to list GUJ (and the new IPO) on the Indian exchange via a secondary market, to facilitate local interest more readily...I am not sure of the mechanics here however?
Given how popular Gujarat is back home in India and it's status as a major regional player...and given also the significant growth expected in the Indian steel markets over the next 5 years...I find it hard to believe GUJ would not be an attractive proposition to many.
Time will tell...especially after the IPO lists.
Cheers!
GUJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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