Today Mangalam Cement rise 5% on commence of 0.75 mpta Aligarh unit

NEW DELHI: Shares of Mangalam CementBSE 4.44 % surged nearly 5 % in Tuesday's trade after the company revealed commencement of production at a new 0.75 million tonne per annum (mtpa) unit. In a brief note to BSE, the company said the mashing unit is now in Aligarh, Uttar Pradesh. The opening of its commercial workings from the unit has increased the overall capacity of the cement producer to 4 mpta from 3.25 mtpa. 

The stock jumped 4.63 % to hit a high of Rs 350 on BSE. Mangalam Cement has initiate commercial production at its new cement mashing unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, state a media report. 

Market for cement sector grew merely by 3 % in Q1FY17, which is expected to stay in the constant range in Q1FY17as well. Still, favourable monsoon & ease of water issues in Madhya Pradesh & Maharashtra are expected to cast good impact on consumption as many projects were stuck for want of water. The government's continuous thrust in progress of Roads & Highway and irrigation sector will prompt demand, going ahead, said Reliance Securities in a note. 

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Nifty futures tips & top stocks for 13 jan, 2016

Market updates :

Hoping for better 2016; US likely to be growth driver: TCS CEO.

Asia stocks eke out gains, wary on China.

Nifty give away early gains; Reliance, Infosys, HUL went up.

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75 per-cent blue chips below 5-year PEs 5 Jan, 2016

Should investors can pick large-cap stocks over mid-caps at this juncture? More than 75 per-cent of the blue chips across sectors were trading below their 5-year average price-to-earnings (PE) ratios.

In comparison, around 55% of the mid-cap stocks are trading greater than their 5-year average PEs; which means, large-caps are cheaply as compared to small-caps.

Large-caps have been at the receiving side in the previous few months on account of foreign institutional selling, resulting in contracted valuations.

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Share market prediction for 2016 31 Dc, 2015

Previous Year 2015 saw Indian investors & traders move away from the trend of investing in physical assets such as real estate & gold said by Nilesh Shah, MD(managing director) of Kotak Mahindra Asset Management. Instead the focus was more on equities current year. He estimates this will continue in 2016 year as well.

Indian investors invested greater than Rs 65000 cr. in equity mutual funds in current year.

Year 2016 will be a more stock-specific year rather than a sector-specific one. Might be bullish on urban consumption on the back of the benefits that will accrue due to the implementation of 7th Pay Commission.

This year also saw a lot of USFDA problems for the Indian pharma sector. He said investors need to differentiate between companies that have superior quality track record. Shah has started accumulating pharma stocks that have started correcting on the back of event risks.

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HDFC, Bharti Airtel, L&T top gainers, Sensex starts flat 30 Dec, 2015

Today, The S&P BSE Sensex unlocked on a flat note in morning trade, led by gains in HDFC, ITC, HDFC, Tata Motors and Bharti Airtel.

The Nifty50 unlocked flat, but was still trading above its critical support level of 7,900, supported by gains in power, metal, realt, and capital goods stocks.

Shares of DB Realty discharged over 3 per-cent, while that of Tata Steel earned 1 per-cent. In the mean time, Religare shares  slided around 3 per-cent.

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Market Update : Stocks have upside

 

Stocks of Roads and highways sector have been witnessing a dream run in an otherwise lackluster market, with some of them earning up to 80 per-cent so far current year.

Powerfull support of govt. to the stalled projects, deferment of premium payment to the government, relaxation of the exit clause for investors & observers and modification of the model concession agreement (MCA) have improved the overview for the highways & roads developers.

This stocks have also witnessed increased interest from FIIs. Data with NSDL showed FII exposure to the roads and highways sector has climbed to Rs 2,902 cr of Oct 15 from Rs 2,622 cr at the end of 2014.

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