SP Tulsian, sptulsian.com is keeping positive stance on the cement sector. “Ambuja Cements becomes a preferred play at the lower level at about Rs 184-185,” he added.
Tulsian told CNBC-TV18, “I am keeping my positive stance on the cement sector, much of that if you recall the Ambuja Cements used to rule between Rs 205-210 and now it is ruling sub-Rs 190 because of the poor numbers having posted by the company for Q4, which was their December quarter and now they have posted the dull number for Q1 also.
He further added, "So, I think that going forward things are going to get improved. In the Q2, the off take is likely to be very good for the cement industry. Again, I don’t think that much correction can be seen in the stock. If it corrects to about sub-Rs 185 or at around Rs 184-185 – that makes a very good entry point because by the time today even the ACC once the results comes out we will be having all three biggies having reported their numbers, so taking that into account probably Ambuja Cements becomes a preferred play at the lower level at about Rs 184-185.”