MARKET BY G.S.ROONGTA

MARKET REVIEW IN BRIEF

The Market continued to be quiet cautions on account of F&O expiry on 27^th Sept 2012. Bulls that are reported to have booked profit have carried forward small position to October expiry helping the market not to face much volatility.

          Global cues were seen positive with Asian, European & Dow Jones future continued to be in positive direction.

          Cement Stock have been out performer on 27/9/12 with almost majority of stocks gained between 10 – 20%.

          India Cement as observed by me in my yesterday recommendation also gained to high of Rs 98.

          The Market in general performed well as far as stock specific action was concerned.

KESHORAM INDUSTRIES LTD

The Company belongs to Mr. B.K.Birla group having large capacities in cement tyres & textile. The textile unit was demerged which is closed ever since a decade.

          Cement is doing well followed by Tyres unit the company’s cement & tyre performance in the year 2011-12 was not much impressive which resulted the stock price of keshoram Ind to fell from high of 400 two years back to below Rs 100 recently.

          Since cement companies are performing well and in-view of this keshoram Ind should also not lag behind as its share price is currently subdued as Rs 138 which looks highly underpriced and may spurt any time once investor’s attention is attracted towards this stock on it’s highly competition business in cement & tyres.