Cautious on ACC, Ambuja Cements: SP Tulsian

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Cautious on ACC, Ambuja Cements: SP Tulsian

SP Tulsian, sptulsian.com feels that investors should be cautious on ACC and Ambuja Cements.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about ACC See messages about ACC

SP Tulsian, sptulsian.com feels that investors should be cautious on ACC and Ambuja Cements .

Tulsian told CNBC-TV18, "ACC and Ambuja Cements both the stocks will remain subdued because you have seen a good run-up happening and now the results are already in front of you. Probably the long position is going to get liquidated."

He further added, "We have started that trend happening or visible in the midcap or maybe the small cap cement stocks like Mangalam Cement or Kesoram or Orient Power. So probably this trend will now get visible in the frontliners as well. Shree Cement yesterday or maybe day before has performed or shown a good correction, so probably the cautious view on both the stocks."