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Last Updated : Nov 21, 2017 03:00 PM IST | Source: CNBC-TV18

Stay with Orient Cement, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in Orient Cement.

CNBC TV18 @moneycontrolcom

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Orient Cement's results were fairly decent. In the case of Shree Cement, we have seen a bit of profit booking coming in for cement stocks given this whole petcoke issue. But I think perhaps Orient Cement is not one of those stocks. It is too adversely affected by that. So, when the recovery happens, you will see the recovery in Orient Cement as well and I would give this a target of closer to Rs 185-190. So keeping that target in mind and a long-term view, I would stay put."

At 14:54 hrs Orient Cement was quoting at Rs 164.90, down Rs 0.50, or 0.30 percent.

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First Published on Nov 21, 2017 03:00 pm
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