Buy Ambuja Cement, says Mohindar

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Buy Ambuja Cement, says Mohindar

Buy Ambuja Cement, says Rahul Mohindar of Viratechindia.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Invest in cement stocks: Rajen Shah Sell Ambuja Cements; target Rs 87: Anand Rathi Buy Ambuja Cements closer to Rs 92-93: Baliga ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Ambuja Cements See messages about Ambuja Cements Ambuja Cements BSE | NSE 13/02/12 Are Mutual Funds betting on Ambuja Cements?

Buy Ambuja Cement , says Rahul Mohindar of Viratechindia.

Mohindar told CNBC-TV18, "Most of the cement stocks even technically look good. The last three-four days certainly seem to be some kind of a short-term breakout."

He further added, "For Ambuja Cement Rs 120 price target over three months is quite likely, Rs 100 could be a good support level. So below that you need to keep a stoploss. The risk reward ratio is justified, and timeline of three-four months is quite attractive. So I would put a buy call on this stock."