Baliga told CNBC-TV18, "We have been taking a contrarian call on cement for a while and I was waiting for correction to get into this space again. So a stock like Ambuja Cement in case I get it closer to around Rs 92-93 levels that is one stock which I will buy."
He further added, "I am waiting for ACC to correct a bit more and Prism Cement which we got out recently at closer to Rs 50, we are looking at reentering at around Rs 42-43 levels."
