Buy Mangalam Cement Ltd., target Rs 390.0 : Reliance Securities

Reliance Securities has Buy call on Mangalam Cement Ltd. with a target price of Rs 390.0. The current market price of Mangalam Cement Ltd. is 356.0. Time period given by analyst is year, when Mangalam Cement Ltd. price can reach defined target. Reliance Securities continues to maintain a positive stance on Mangalam Cement Ltd on the backdrop of improving operating synergies, healthy market-mix and commissioning for 0.5mnT SGU at Aligarh.