If people see negative they can see only negative.
I m very positive in mangalam cement.
25$/tonne.
I think it is cheapest stock.
After 2 years d/e ration should 1:1. that is not bad in growing economy with growing cement demand. If you will see future road project with other ongoing project like commonwealth,verious rural schemes,airport modernisation,nrega etc. i see demand will be much higher than supply so my target for mangalam is Rs.350-400 in 3 years.
One more positive promoter(bk birla group) sold shares and birla sunlife insurance bt 5% stake.
so may be management will be done by vidula jalan but control may be with cement baron mr. kumar mangalam birla.
One more point, if they will make same margin after 2 years also then they will make good profit in expanded capacity and so they can repay debt easily or d\e ratio will be in favour of equity(they may not be ableto pat long term loan as per agreement). So if someone bullish in cement.
mangalam is very good stock.
I m bullish in cement so i m buyer in mangalam.