Earlier this cement stock equal or more than equal with prism cement price. Now a days it always below the prism cement price why ? I had 300 shares at 15.5 shall I hold or get out from the stock when i reach my price. I can wait till 6 months
You can buy this stock blindly and hold for the long term of 2-3 years to get at least 10 times of your investments. Present promoters are a world famous cement manufaturing group, whom can be believed blindly due to their business reputations.
Technically, its immediate support price is Rs.41.80 and resistence is Rs.49.80. The stock is in the mood of a break-out. If it happens, it may cross Rs.65/-. So, chance of short term profit is huge. Chance of going down is maximum 12% i.e. upto Rs.39/-(in case of exceptional downfall of the market only).
This stock is a real turn around .I remember how shree cement was quoting only 54 Rupees in 1990 to 1993 but later in 10 Years it has crossed Rs 1000.
I expect this stock to cross 100 Rs in 4 Months time due to a turnaround in performance
For some stocks like L&T, ABB, Tata Steel etc., which I hold from last more than 10 years, I look at the price once in six months to one year only. I never think of trading at all. To forget the selling idea, I have transferred them to my wife`s DEMAT, who never allows any stock to sell from her account.
Recent addition to that list is Mysore Cement (Heidelberger Cem - spelling mistake?). When I have got the anouncement that Heidelberger has bought 66.86% shares, I grabbed 500 shares at Rs.28.00 and sent it to my wife`s account. I shall look into it after five years only. I compare this promoter with the names spelled earlier.
Trading idea may cause you to wash out hands from it for 5-10 rupees profit per share and repent thereafter. Now you can take your own decision.
Heidelberg Cement Q2 profits are not encouraging,,they are operating on low capacity of 3.5mtpa and they don`t have any expansion plans till 2011, unless they acquire any new plants. So, i dont see this stock to outperform other cement stocks, market may gave little bit premium compared to its peers on being a Heidelberg group as its promotors.
Your view on this stock is not correct. I guess you are somehow bearish on this stock.The company has doubled it`s market in UP and Kerala and doing about the contries cement purchase scale average in some other states. This is a fair evaluation in my view. Why don`t you see that the numbers announced by the company are encouraging? Even experts are bullish on this stock.Yes they might not be able to do the expansion immediately because building a plant itself takes 3-4 years...but I guess they will go for overtaking of oter companies. For the first time this company has announced profits and paid huge tax. I am bullish on this stock. Any comments....?
I am telling about buying now only for appreciation of 150% in one year. It is foolishness to think of 5 years in the stock market. It may be 30 times or more depending on the market condition. But one thing is sure that the promoters are giants and sincere in the concerned field.
| NIFTY 
