Pandey told CNBC-TV18, "In term of cement if you look at the valuation gap between a large player and a regional player like JK cement is quite high, while large players are trading somewhere about more than USD 100 EV per tonne basis whereas your midcap would be trading at somewhere about 50 to 60 odd sort of a range. So in that sense valuation wise JK Cement is quite attractive."
He further added, "In addition to that what we are also expecting from this quarter is that there will be a dip in capacity utilization to about 78% level. That will primarily happen because of the capacity expansion, which has happened. And in cement what we are also seeing in terms of prices, there has been a 3% to 5% kind of a price dip. So players which are offering good volume growth despite dip in prices would be the preferred pick and JK cement happens to be one of them."
