Cement Stocks....Hot or Not?

Hi Friends,

What are your views regarding cement stocks?

Read latest News:

In the backdrop of cement players refusing to cut prices, Finance Minister P Chidambaram on Saturday asked India Inc to look beyond their balance-sheets and play a role in helping the Government ensure macro economic stability.

Without mentioning the cement sector, the Finance Minister asked the industry in general to recognise their role "beyond balance sheets" in macro economic stability.

http://www.hindu.com/thehindu/holnus/002200703250311.htm

Regards,
Luckytrader.

Panch Tattva: Update: ULTRACEMCO, MADRASCEM,JKCEM at CMP on 26 Mar 2007

By krsna Khandelwal - A Stock Market Vedic Theory proponent

Friends,

I have been advocating that the cement sector has been under cloud for wrong reasons and as soon as the clouds will clear the sun will be shining brightly on the fortunes of the cement companies share prices. This is , however , not to be taken as the final word for I have also been telling you to refer to the Panch Tattva points will encompass all the possibilities that are foreseeable . In light of this and in attempt towards finding the better ones from amongst the cement universe I have worked out the Panch Tattva updated points for three companies from different regions and the same may be noted:

ULTRACEMCO @772/-(26 Mar 07) gets 1011 points and therefore may surely be purchased and reviewed upon declaration of next quarterly results.

MADRACEM @2749/-(26 Mar 07) gets 1126 points and do as in the earlier case.

JKCEM @140/-(26 Mar 07) gets 1142 points and here also please do as above.

We may see that all the three companies are fit for investment and the opportunity is worth looking at.

About the market you were told only the last time that the things are not all the rosy and cautious approach is called for , the slide of more than 3/4Th of a percent has endorsed it.

Hari Om

BIRDINFO Stock Rx - A Vedic Prescription for stock market

Bird,
Are you a Prediction, Priest or something..?

What are you talking about...

ha..ha..ha..

I am not a soothsayer but defntely a market reader based on Panch tattva Theory which takes in to account effect of subtlest element in analysis.

birdinfo-Business Information Research Dialectics

Hi Birdinfo,
Could you shed some light on Deccan Cement and Sagar Cement using your theory.

Thanks in advance
Jude

well guys P chid. hiked excise duty for checking inflation by keeping prices low.but inflation is result of 2 factors- either cost pressures or demand pressures.So another aspect of demand cannot be controlled as we can see long term development/construction of indian inc.

So friends it is right time for bottom fishing specially Guj.Ambuja and other large cap.cement stocks.

Not a soothsayer but,
Your words are saying that you are

Plz I dont want to discuss ur theory here.

Friends just keep a close watch on ACC.

According to the Technical Analysis Indicator
ACC is oversold and now it gives a good buying opportunity.

THE 14 DAYS RSI IS PRESENTLY BETWEEN OVERSOLD (<30) AND OVERBOUGHT (>70) REGIONS. (30.02)

THE 10 DAYS STOCHASTIC OSCILLATOR HAS CROSSED 20 FROM BELOW AND INDICATES AN OVERSOLD CONDITION.

THE 14 DAYS WILLIAM %R OSCILLATOR IS LESS THEN -80 AND INDICATES AN OVERSOLD CONDITION.

ON BALANCE VOLUME (OBV) is also changing Trend.

I have attached a chart.

Regards,
Luckytrader

luckytrader, u r correct and i agree with u regarding ACC and do u have any idea regarding GujaratAmbujaCement

ACC PLANS RS 4,000CR INVESTMENT
March 29, 2007

ACC will pump in around Rs 4,000 crore in three years to push its annual cement production capacity to 27.5 million tonne. This will be an increase of over 38 per cent over the companys current capacity of 19.9 million tonne.

Details view this http://www.business-standard.com/common/storypage.php?autono=279272&leftnm=1&subLeft=0&chkFlg=

Regards,
Luckytrader