Stock Analyst E Mathew has suggested that Binani Cement can be purchased on declines to achieve a short term target of Rs 130. The stock has seen a decent rise in recent trading sessions.

In today’s trading session, the stock has gained 3.8% at Rs 116.95 up till now. But interested investors should wait for sometime.

If the stock follows the uptrend for the whole day, leave it and forward your decision to next trading session. If the stock falls, buy it as much as you can. It will provide you good returns.

Mr. Mathew told that the stock will surely touch Rs 130-132. Traders should use Rs 100 as a stop loss. The stock can be bought in the range of Rs 102–104.

Binani Cement Limited is involved in the production and marketing of cement. Our cement offers environment & temperature protection and smooth & sturdy finish to plastered surfaces. We provide 43 & 53 grades and portland pozzolana cement. We are accredited with ISO 9002 and ISO 14001 certifications.