The Madras Cements share has run up nearly 53 per cent to the current price of Rs 101, from the time we gave it a "Hold" rating in February. At this price, the stock trades at a price-to-earnings ratio of seven times. Though not at a premium to its closest rival, India Cements (price-to-earnings ratio of 9 times), significant upside could be capped for the stock from the current   read more »