Experts believe that cement companies will post pretty good numbers in Q1FY07. Even exports are expected to remain robust. Ambareesh Baliga of Karvy Stock Broking and technical analyst VK Sharma give their views on India Cements and Mysore Cements.
India Cement:
Ambareesh Baliga says that India Cements has had an extremely good run of nearly Rs 70-75 from the lows of the recent past.
Baliga says, "The results are extremely good; possibly it could have another Rs 10-15 run more from here, but I think people should take profits off India Cements."
According to VK Sharma, India Cements has been a market favourite.
Sharma says, "Looking at the huge consolidation that has happened, usually before a sell off, there is a large green candle, which is yet to be made in India Cements. One should definitely use the trailing stop loss."
He further adds, "I would like to remain invested with a stop loss."
Mysore Cements:
According to Sharma, Mysore Cement is a good bet from the fundamental perspective.
Sharma says, "From a traders point of view, it is in the trade-to-trade segment, so if one buys today, one can't sell today itself and one needs to take delivery. But it definitely looks good on the charts."
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