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."
