Mangalam cement

eks · #1 (**permalink**) 9th December 2007, 02:59 PM

Hi,

I have some shares of mangalam cement bought at Rs.230/- per share.Can any body inform whether I will loose money?

eks

psa · #2 (**permalink**) 11th December 2007, 01:09 AM

Mangalam Cement (MCL) is promoted by Kesoram Industries, a B K Birla Group company.Solely engaged in the cement business, the company has two units Managalam Cement and Neer Shree Cement, both at Morak in Rajasthan with installed capacities of 0.4 million tpa and 0.7 million tpa respectively. MCL, which primarily manufactures ordinary portland cement by the dry process using vertical raw mills, sells under the brand names `Mangalam` and `Birla Uttam.` The company`s main market is in North India. It has a significant presence in Delhi. Its main competitors are ACC, Vikram Cement, Binani Cement, Shree Cement and DLF Cement

You baught at a highier price, but it is a profit making company now (It was a sick unit some time back).It declared dividend last year.
It is a matter of time only to reach your target.
Good luck...

eks · #3 (**permalink**) 11th December 2007, 03:46 AM

Quote:

Originally Posted by psa

Mangalam Cement (MCL) is promoted by Kesoram Industries, a B K Birla Group company.Solely engaged in the cement business, the company has two units Managalam Cement and Neer Shree Cement, both at Morak in Rajasthan with installed capacities of 0.4 million tpa and 0.7 million tpa respectively. MCL, which primarily manufactures ordinary portland cement by the dry process using vertical raw mills, sells under the brand names `Mangalam` and `Birla Uttam.` The company`s main market is in North India. It has a significant presence in Delhi. Its main competitors are ACC, Vikram Cement, Binani Cement, Shree Cement and DLF Cement

You baught at a highier price, but it is a profit making company now (It was a sick unit some time back).It declared dividend last year.
It is a matter of time only to reach your target.
Good luck...

Thanks to early response and for the valuable information

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Mangalam cement

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