Sell India Cements, target Rs 128: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on India Cements Ltd with a target price of Rs 128. The current market price of India Cements Ltd.NSE -0.64 % is Rs 135.25. Time period given by the analyst is Intra Day when India Cements Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stop loss at Rs 138.5.
India Cements Ltd., incorporated in 1946, is a midcap company with a market cap of Rs 4177.35 crore, operating in cement sector.
India Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 5537.82 Crore to Sales Value (95.85 % of Total Sales), Ready Mix Concrete which contributed Rs 101.32 Crore to Sales Value (1.75 % of Total Sales), Clinker which contributed Rs 51.09 Crore to Sales Value (0.88 % of Total Sales), Income From Construction Work which contributed Rs 36.90 Crore to Sales Value (0.63 % of Total Sales), Wind Power which contributed Rs 18.00 Crore to Sales Value (0.31 % of Total Sales), ..