Heidelberg Cement is gaining investor fancy of late. As per the buzz, the company is looking to acquire some cement capacities in Central India given the ‘cheap valuations’ based on EV/TONNE method.
It has gained close to 18% in the past one month. The stock closed at Rs 43, almost flat from the previous close.
According to market talk, some savvy investors have been active in the counter on expectations of some developments. When contacted, a senior company official said, “We do not comment on market speculation.”