Sukhani told CNBC-TV18, "Sagar Cements went up from Rs 80 to Rs 280 like most other midcaps and then it went through a deep correction. For the last few days we sense that the correction is probably getting over. Sometimes the correction gets overdone mainly because the sector is not glamorous or because it is out of sight for most people now."
He further added, "If this correction is over then we should get a very decent bounce, either the uptrend will resume or even otherwise 30-40% rally in this stock is possible. This is a trading stock and if somebody who is buying on dips can invest in it."
