SENSEX NIFTY
May 02, 2013, 09.49 PM IST | Source: CNBC-TV18

Ambuja Cements, ACC will see smart upmove: Tulsian

SP Tulsian, sptulsian.com is of the view that Ambuja Cements can go upto Rs 202-204 and ACC can touch Rs 1300.

SP Tulsian, sptulsian.com is of the view that Ambuja Cements can go upto Rs 202-204 and ACC can touch Rs 1300.

Tulsian told CNBC-TV18, "I am expecting better numbers from Ambuja and maybe some margin improvement. In fact ACC has been disappointing the market for last couple of quarters. I am expecting this time a bit improvement in the margin of ACC. But yes, Ambuja is likely to post the better numbers, maybe better than Ultratech. In fact I was not disappointed with the Ultratech Cement numbers though it was optically seen to be little subdued. But keeping positive stance which can make the Ambuja Cements to move closer to Rs 200 because for next three months, the good time is seen for all the cement stocks because of the very good off take and that will also be helping the positive sentiment. So look for a target of maybe Rs 202-204 for Ambuja maybe in this series. If ACC shows slight improvement in their margins, it can make the stock to move to Rs 1,300 or so."

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