Mangalam Cement Ltd
MANGLMCEM

261.00

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Day's Vol.(shares)

260.20

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Accumulate
Reco. Price
Rs 267.20

Last updated on 02-Dec-2016

We recommend an ACCUMULATE on the stock based on capacity addition led volume growth and margin expansion. This is expected to return the company’s bottom-line to positive territory after a poor showing last fiscal. The stock currently offers limited upside on FY17E valuations of 32.3x P/E and $58 EV/ton. (Target Price - Rs.280.4)
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50 DMA (.)
312.80
100 DMA (.)
320.13
200 DMA (.)
282.13
Weekly Range (.)
250.00
280.00
Monthly Range (.)
230.00
331.20
52 Weeks Range (.)
147.50
376.00
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