Superb discussion on highly cyclical story like cement.
Meanwhile we get that Shree cement is excellent long term play,I would like to draw attention to investors here who thinks low PE stocks does not reward on long term.
Prashant Jain from HDFC AMC,fund manager of largest MF schemes of India since two decades is continuously raising his stake in one cent counter ,which may be not worth looking for retailers and the player is in the market since three decades…
It’s Ambuja cement.
He is continuously raising his hold in this counter since last one year.
This is the quantities as per feb 2020 data.
HDFC Equity:1.83 crores
HDFC Balance advantage fund:1.78 crores
HDFC Top 100 : 1.06 crores
Stock is laggard since last five years and corrected significantly since last six month
Total 114 MF companies are betting on it.
merger of ACC & Ambuja can re-rate it.
Need your view @ashwinidamani sir