India cement has a shipping division also which is expected to do quite well considering that Baltic index is over 90% in a month as reported on CNBC today. Moreover, their Joint venture with Bharti Cement in AP has taken off today with launch of marketing of cement, which should add to the bottom line now in a significant way. The BV of India cement in over 100 and the PE is just about 7, which is the lowest in the sector. The next season IPL is also round the corner, which should give good visibility to the company. I think it is a good time to accumulated at around 100 levels with target of Rs. 130, which was there just about a month back. Management is also likely to consolidate its holdings with exit of other partners.
Hi Atul30,
i have 6 lot of india cement nov futures bought at 104. i can wait till jan. what do u suggest. shall i wait or book my loss and come out
thanx
I am buying at current rate, so cannot suggest anything else but to wait till you get the target price of 130. Even ICICI Direct has today recommended buying JK Cement at around 126 with target of 155, which has similar financials just as India Cements. So donot worry, always buy and hold when the analysts are negative on a sector, that`s when you make maximum gains.
Hi everyone,
when nifty goes down... india cements follows, when nifty goes up... india cement stays...... i havn`t see this stock above 108 since last 20 days.
Can anyone comment on this. Shall we move to some other sectors rather that getting stuck here for longer time.
regds
| NIFTY 
