Cement Sector

Grasim Gears Down on Continued Selling Pressure

Grasim IndustriesToday, Grasim Industries is quoting at Rs 2,776, down Rs 102.7, or 3.57%, and touched an intraday high of Rs 2,845 and an intraday low of Rs 2,740.

The trading volume of the scrip is 19,597 shares. Yesterday the share ended weak at Rs 2,878.70 after losing 57.85 points.

ACC Is better bet compared to Mysore Cements

Ganesh Shanbhag,ACC Cements 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.”

Prism Cement A Decent Mid-term Bet

Prism CementSharmila Joshi of Asit C Mehta said that it’s the profitable time to hold Prism Cement.

Invest In India Cements On Declines : Rahul Mohindar

Rahul Mohindar of Viratechindia suggested investors to buy India Cements on falls.  

Buy IFCI, India Cements for Short Term

IFCI LimitedSharmila Joshi of Asit C Mehta advocates that IFCI and India Cements are brilliant stocks, and investors can make quick gains once they invest in both at lower levels.

Joshi told, "IFCI and India Cements are buys and one of the reasons why IFCI corrected sharply was the fact that you suddenly had this news item that they would maybe reconsider their stand of selling the stake at all and the whole down turn that one saw was because of that because the results have been strong and the stock has been buzzing on back of this news. If it resurfaces and if gets confirmed then there is a good upside to IFCI."

P-Sec: Sell Acc, Target Of Rs 816

Broking houseACC Cement, P-Sec is bearish on ACC and has recommended sell rating on the stock with

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