Moneycontrol
Mar 23, 2012 12:18 PM IST | Source: CNBC-TV18

HeidelbergCement India has target of Rs 60: SP Tulsian

HeidelbergCement India has target of Rs 60 in next 12 months, says SP Tulsian, sptulsian.com.


HeidelbergCement India has target of Rs 60 in next 12 months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "HeidelbergCement India is keeping in line with the present trend and the present theme that the all India increase in the cement prices is being seen and in fact budget has not been very negative for the cement industry. It has been more of a neutral in spite of the realignment of the excise duty having made for the cement industry, which is seen as a pass through and their kind of pricing power which is seen returning back to the companies. I thought that maybe some of the midcap cement companies are looking good and Heidelberg falls in that category.

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