Expect handsome returns in Mangalam Cement: S Dhawan

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Expect handsome returns in Mangalam Cement: S Dhawan

Mangalam Cement is grossly undervalued and would give very handsome returns for short term and medium term investors, says Sajiv Dhawan of JV Capital Services.

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ALSO READ See previous views by Sajiv Dhawan See what other Experts & Brokerages are saying about Mangalam Cement See messages about Mangalam Cement Mangalam Cement BSE | NSE 30/05/12 Are Mutual Funds betting on Mangalam Cement?

Mangalam Cement is grossly undervalued and would give very handsome returns for short term and medium term investors, says Sajiv Dhawan of JV Capital Services.

Dhawan told CNBC-TV18, "Mangalam Cement is again a Birla group company, a lot of positives for the company despite the concerns of monsoon and the general slowdown. There is a buyback which has been talked about by the company, which will further increase share holder value for who will hold on to the stock. There has been a substantial increase in the capacity for the company, they have also got their own thermal based power plant and an interesting point to note from the volume is that very high percentage of delivery based trading going on in the stock."

He further added, "There has been some speculative interest, this shows that the stock is going into stronger and stronger hands and the stock in the current context of the market especially when compared to a lot of midcap stocks I feel this is rather grossly undervalued and would give very handsome returns for short term and medium term investors who hold on to this obviously very good company and with a sound management."

Disclosure: Clients would have the stock but personally no holdings.