Mangalam Cement Ltd
MANGLMCEM

306.25

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

307.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 311.20
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.333.7)
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50 DMA (.)
292.16
100 DMA (.)
280.40
200 DMA (.)
302.73
Weekly Range (.)
294.00
315.60
Monthly Range (.)
294.00
323.00
52 Weeks Range (.)
210.45
376.00
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