CMP: 1010

Chettinad Cement Corporation Limited manufactures cement and clinker.

This is purely for short term players and not for long term investors. The company's board has approved delisting the company's shares from stock exchanges. Chettinad Cement is a decent mid-cap bet trading at a P/E of 23. It runs at a debt of 989 Crores with 2 Crores cash in hand. Revenues have risen from 930 Crores to 2059 Crores in the last 5 years. Profits have risen from 163 Crores to 188 Crores in the last 5 years with inconsistency in the middle. The call is purely based on delisting news. One needs to closely watch it.