* Government eye on Cement Companies *

With commerce minister Kamal Nath time and again giving warning to the cement companies about the hike in prices of cement in last few months the cement stocks have plunged in last few trading sessions and especially on Friday they fell by more the 5% from ACC to Ambuja to India Cement to Mangalam Cement.

Also the cement companies have made their point that the increase in price is mainly due to rise in input cost but most important thing is demand supply ratio and local retail increase in price by stockists about which they can do nothing even if they bring down their prices.

With so much infrastructural development happening in our country the demand for cement is there only to increase and lots of real estate boom is yet to happen and increase in real estate prices. If govt. takes a stringent action and fixes an upper limit on the price of companies this could only bring the prices to stable only for short term say one to two month. Also the taxes on this segment is very high if govt. brings it down then it can lead some relaxation in the price.

All these imbroglio hvae put the prices of cement stokcs to very low and it provides a great opportunity for all the equity investors to get into the stocks of these companies and get huge retun in days to come. I have shortlistes few companies which can give superlative return if bought at current price

1. India Cement ( 205 )
2. Mangalam Cement (200 )
3. Jk Cement ( 188 )
4. ACC ( 900 )
5. Gujrat Ambuja ( 105 )

All these prices are of Friday closing on 12 th May and I along with all the experts is sure that stocks of these companies bought at this price is a golden gain as roaring prices of gold.

New Fund * Standard Chartered Enterprise Equity Fund *

Standard Chartered Mutual Fund has launched a different type of equity fund which will invest in the stock IPOs.

This fund is a three year close-ended fund which will primarily invest in the stock IPOs and set the rest of the money in different low risk avenues hence, it will enable retail investors to participate in the stock IPOs through the Qualified Institutional Bidder (QIB) route.

Stock investors who prefer to invest in IPOs ( as they think it is less risky as compared to investement made in secondary market will find this offering thia relatively new fund house. Moreover, with its three lockin it will also obviate tax headache which which one has to pay upon selling of share within a year of the allotment made.

This fund is now available for subscription from April 18 to May 16, 2006.