Buy India Cements at Rs 110-100: Manghnani

Buy India Cements at Rs 110-100 with long term view, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "In India Cements I think a lot of good things are happening on the chart after long time. Last year was a terrible year for this stock but after long time you are seeing the 50 day has crossed above the 200, the 100 days now crossing above the 200. So it's making all the right noises."
He further added, "I think in the fall suppose you get this move back to 5100 range and as the stock comes back to Rs 110-100 range I think it's a buy with a little longer term perspective. The whole cement pack has been doing very well. So I think this has a potential to go back to Rs 135 and beyond. So, more an investment idea rather than a trading call."