Bhambwani told CNBC-TV18, "I think looking at the chart, Mangalam Cement is exhibiting good bit of relative strength as compared to the benchmark indices. I wouldn't be surprised to see this stock at the December 2006 highs."
He further added, "As long as it stays above Rs 180 mark, buying will keep coming in at lower levels. So Rs 180 remains your stop loss from the short-term point of view.
Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.
The company's trailing 12-month (TTM) EPS was at Rs 50.38 per share. The stock's price-to-earnings (P/E) ratio was 4.03. The latest book value of the company is Rs 107.79 per share. At current value, the price-to-book value of the company was 1.89. The dividend yield of the company was 2.71%.
