Vijay Chopra of enochventures.com told CNBC-TV18, "I am bullish on more or less all the cement companies who are doing good - good balance sheets, good corporate governance, I am fairly in. I think that Mangalam Cement is also one of the companies which can be held on to."
"I think that with the infrastructure play which is going to happen in India, all the cement companies should do well. So Mangalam Cement can go up to Rs 500. One should surely hold on to the stock," he added.
At 15:11 hrs Mangalam Cement was quoting at Rs 376.55, down Rs 2.50, or 0.66 percent on the BSE.
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