Recommendation : Hold
Rs. 22.60 1.15 (5.36%)
Stock Views -: It is into a space that it interesting. Though the stock has corrected after its listing, there is not much downside from these levels. From the medium to long-term perspective, the number expectations are fairly good. The market will look at its results for couple of quarters and then give the stock the kind of valuation it commands.
India Cements Ltd
Recommendation : Sell
Rs. 114.05 -1.15 (-1.00%)
Stock Views -: The sector has been plagued with overcapacity and there is a big gap between supply and demand. Even if there is some uptick in demand, still there would be an overhang of supply. Exit and invest in a sector where there is a clear visibility.
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