Mangalam Cement Ltd
MANGLMCEM

365.60

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Turnover (lac)
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Day's Vol.(shares)

364.90

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Accumulate
Reco. Price
Rs 348.70
We recommend ACCUMULATE on the stock based on capacity addition-led volume growth and margin expansion. This is expected to return the company’s bottomline to positive territory after a poor showing last fiscal. The stock currently offers limited upside on FY18E valuations of 17.2x P/E and $58 EV/ton. (Target Price - Rs.374)
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50 DMA (.)
323.20
100 DMA (.)
295.71
200 DMA (.)
308.85
Weekly Range (.)
362.40
387.80
Monthly Range (.)
305.00
391.00
52 Weeks Range (.)
229.95
391.00
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