Ambuja Cements can slip to Rs 80: Baliga

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Ambuja Cements can slip to Rs 80: Baliga

Ambuja Cements can slip to Rs 80, says Ambareesh Baliga of Karvy Stock Broking.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Ambuja Cements See messages about Ambuja Cements Ambuja Cements BSE | NSE 10/02/12 Are Mutual Funds betting on Ambuja Cements?

Ambuja Cements can slip to Rs 80, says Ambareesh Baliga of Karvy Stock Broking.

Baliga told CNBC-TV18, "I don't see Ambuja Cements crossing Rs 93-95 levels at least in the short-term, whereas it can move towards Rs 80. But I think the next 2-3 months is clearly a window to accommodate these stocks at lower levels if you are looking at the next 15-18 months view. Because by then we see Ambuja at levels of Rs 130-140 which is a very decent return from the current levels. Among other stocks, which we are looking at are Prism Cement and India Cement ."