Mangalam Cement

NSE announcement:
Mangalam Cement Ltd has informed the Exchange that the Company has finalized order for installation of 6 wind mills of 1.25 MW each (total capacity 7.5 MW) , at Jaisalmer. The total order values is Rs. 39 Cr. appx. The order has been placed with Suzlon Energy Ltd. These wind mills are expected to be commissioned by end of June, 2010.

Alchemist, how does this affect your valuation of the stock?

San Yad

Active member
Mangalam Cement has broken the resistance of 173.30 today.

Hope it will close above this price for next target...:)

Happy and safe Investing:
Poor Results

Poor results : Mangalam Cement’s net profits declined by 40.65% to Rs.22.89 crore on 11.14% fall in net sales to Rs.150.26 crore in Q4 March 2010 over Q4 March 2009.

Dividend declared : Rs 6 per share

Stock down to 184.70 . Recent high made was 219.

My stoploss of 190 got triggered and I exited there, what is the view point going ahead ?
Mangalam Cement 155 - Resistance 159, Target 168, 179. Stop-loss 141.

Investors can hold with a deeper stop-loss of 133.

This is as per software developed by me. As such, investors should do their due diligence before taking investment / disinvestment decisions.

Please don't blame if stops-out as I have given with good intention as I am investor & not analyst having vested interest.