Moneycontrol
Nov 29, 2016 04:24 PM IST | Source: CNBC-TV18

Hold Sagar Cements, says Rajat Bose

According to Rajat Bose of rajatkbose.com, one may hold Sagar Cements.

Rajat Bose of rajatkbose.com told CNBC-TV18, "Sagar Cements has not really reacted that much. I would say that maybe ACC, Ambuja and all these have reacted quite a bit. For this I would suggest that one should put a stoploss below Rs 625-650 and hold on because Rs 800 plus levels would be there going forward."

"Regarding cement stocks, they have seen considerable fall and selling pressure and now, they are showing a recovery. We need to see whether this recovery is sustained or not because Nifty is as it heading into a critical supply zone between 8,200 and 8,300. In the recent past if you have observed that cement stocks are the first ones to be hit, if at all the market shows weakness, along with bank stocks and others. So, maybe we are hitting a speed breaker. If rally continues, great, otherwise, we need to take some different action out there," he added.
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