mangalam cement & jk lakshimi cement are providing good results in every quarter,both stockas P/E is just near the 2.5, this means within two years these companies earned its share value, but this stocks market movement is still disapointed, both stocks are not moved up, average P/E of major cement copanies are near 8.0 as like this this two stocks shoud move to abouve 300 compare to reasonable price of other cement stock.also both stocks management are good & good growth is seen this sector, but i don`t know thse stocks are stil dead ????
Even I am. I thought that both these companies would be great turn around stories which they have attained but they have performed miserably in the market and it is beyond my comprehension.
Mangalam Cement is at point of break out on Charts if you see the MACD. It is at RSI of 35 which is also low. 300 is very high expectation in short term... but one week target can be taken as 138 where the RSI becomes 80... the exit point as technical analysts suggests
What I have observed is that there are many stocks like Mangalam, JK Lakshmi, JK Cement,SRF,Andhra Bank,NIIT Tech etc.,which are available at dirt cheap valuations. Operators appear to be busy in slowly accumulating these scrips. They will test patience of Retail investors and accumulate them as much as they can. Afterwards the prices wuill be jacked up. Hence, patience is the key to make money on these counters.
| NIFTY 
