Andhra cement: Add more

Andhra cement has reported Loss for Q3 with negative EPS of -0.84
Investors may note that this stock was not recommended on basis of financials. Due to working capital crunch, co is operating at hardly 35-40% capacity.

Ultratech Shree Cement and Emami group in race to acquire Andhra cement controlling stake. Deal will take place at 18-23 per share. Once co goes in strong hands of any of 3 suitors, co can operate at optimum capacity and start reporting decent profit as co has 46 mw Power plant for 2.60 million ton capacity

Stock can be 50 within 1 year of acquisition