My view is that India cements is a cyclical stock and looking at whether it created wealth over long term would not be appropriate. I invested when it was around Rs 70-80 range based on 2 reasons. I looked at the cement company acquisition that was happening and based on capacity my valuation for India cements was in the range of 6000- 8000 Crores roughly around 180 Rs per share. So there was enough margin of safety . The other reason i felt was the cement cycle was ending it down cycle.