Scripscan:Mysore Cements Ltd
code:500292
cmp:20
If you have just landed from Mars, you maybe pleasantly surprised that technical supports for the BSE have not got broken. Infact, surprising pockets of resilience have emerged in Automobiles and Cement.Cement is the only cyclical sector in the country which is virtually owned by TNCs Holcim, LaFarge, Heidelberg and Grasim alongside Ultratech on the other end.Investors could consider looking at Mysore Cements-owned by German giant Heidelberg with close to Rs 10 per share in cash on its books compared to a market price of Rs 20 per share, zero debt and plans to raise capacity to over 6 mn tpa seems the most interesting stock around.Post merger with Indo Rama Cement and the planned capacity hikes, the current size of operations will triple and will call for further support from the parent TNC.Ever since buying up the Mysore Cements operations from the SK Birla group at Rs 58 per share and a preferential offer at Rs 55 per share, the corporate has gone on to repay all its long term debt and still keep cash in hand.What's more this 2 mn tpa cement producer sells for Rs 320 crores in market capand cash in deposit accounts of Rs 170 crore-Mysore Cements sells for a net value of Rs 120 crores.The cheapest cement stock in India.
Wednesday, April 8, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
