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Friday, April 8, 2016
Panyam Cements & Mineral Industries Limited (500322) :- VALUE BUY
Today we are looking in to stock from cement sector, now Andra and Telangana based cement stocks are lime light in markets also huge demand is coming this two states, so now we look into one stock from Andrapradesh based company
Panyam Cements & Mineral Industries Limited
Panyam Cements & Mineral Industries Limited was established during
1955. Initially it was started with one kiln with a 200 TPD installed
capacity. Later, the capacities were augmented by addition of two more
kilns with 300 TPD and 600 TPD capacities. Over the years, the wet
process kilns were converted into dry process and the capacities were
increased to a level of 2200 TPD. The company manufactures high quality
PPC, OPC 43 and OPC 53 grade cement.
Promoter holding 52.24% stake in company, panyam cement posted 10.22 cr net profit in lastest 9 month ended 2015-16, ( last full year company posted net loss 15 cr ), Andra based company doing very good in sales in recent years will continue coming years also, stock trading in BSE @ 75 level short to medium term investor can buy @ current level and buy more in correction , cement sector is another booming sector after sugar, so investor take advantage from this stock.
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