Stay away from Mangalam Cement for now.

Wait for things to get worse for the cement sector.

This quarter's results have been really bad.

The company has reported an operating loss.

The net profit figure is positive because of a tax write-back.

This is exactly the reason why cyclical companies trade at low PE multiples.

Their profits shrink sharply when the business cycle is unfavorable.

If the stock falls to somewhere near 110, I will relook at it.

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I had quit Mangalam Cement at 151 bought at 154.

1. Broad market became weak on Friday
2. Cement sector performing poorly - eg: Shree Cement.
3. In addition, Alchemist is bearish on sector as of now.

I am looking forward to re-enter at lower level.

I could not put my view on Friday as web-site was not opening!

Alchemist, price had dropped below 110 this month. Is it time to reconsider this stock or is it better to wait further?

Sorry friends, for being away for a long time, firstly my health, then family issues (my Dad's death) is keeping me away from the forum

Buy Mangalam Cement even at this price 0f around 140/- for short term, I wanted to inform you all at 102-103 levels but could not do so, sorry for that, but Mangalam is still a buy, Cement doing exceedingly well and so is Mangalam.

Regards

PS: Thanks for all the messages, sorry I couldn't reply to you earlier because of the reasons mentioned above (Atiker, Paran, Sanyad & Sudashbahu) and for the mail by Alchemist, promise I will be back as usual once things get sorted out at my end.

As also because of the downtrend / bear market.

I do agree, one does tends to get disintrested when the goings are bad, frankly I had stopped thinking of the markets long before the massive correction started, we are still not out of the woods yet, it would be premature to say that the uptrend has started, who knows we could be again in the downward direction soon. I have had some terrible time these last 18 months or so, (not financially though) and when you go through such times, it becomes very difficult to concentrate, and believe me when your life goes haywire, coming to a site to post some comments is the last thing which comes to your mind.

Welcome back Marketmover-ji!

Please also provide updates on Hindalco and SRF in the respective threads.

Upper circuit @ 154.65.