Ambreesh Baliga of Karvy Stock Broking is of the view that Ambuja Cements is a decent buy if it comes closer to Rs 105-106 levels.
Baliga told CNBC-TV18, "Cement and IT, we have been taking a contrarian call and we hardly see a downside in cement at these levels. The stock like ACC although it moved possibly the downside could be around 3-4%. A stock like Ambuja Cements possibly you could see levels of Rs 102-103 but not really below that. So if it comes closer to Rs 105-106 it's a decent buy because stock like Ambuja Cements, in a rise possibly could get levels of around Rs 125-130."
