Grasim Industries has touched the level of Rs 2,837.70, up Rs 110.75, or 4.06%. The scrip opened strong and was up by 3 % with in first few minutes of trade. The highest level during the early trading hours was Rs 2,839.50. The intraday low of the stock was Rs 2,750.
Ganesh Shanbhag, SMS Financial Services is of the view that investors should go for ACC to Mysore Cements at existing level.
Shanbhag told, “There has been a turnaround in Mysore Cements. We also know that Heidelberg has picked up a stake in this company also and I am sure going forward, it will show positive results but the equity-turnover ratio here is quite skewed. For this company to really ramp up their turnover and then show a bottomline might take at least two years from hereon.”
The world’s second-largest cement company Holcim is all set to buy co
Grasim Industries has touched the level of Rs 2,837.70, up Rs 110.75, or 4.06%. The scrip opened strong and was up by 3 % with in first few minutes of trade. The highest level during the early trading hours was Rs 2,839.50. The intraday low of the stock was Rs 2,750.
According to technical analyst, Prakash Gaba that India Ce
SMS Financial Services is of the view that investors should go for ACC to Mysore Cements at existing level.
