Hold Ambuja Cements for long term, advises Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would wait for a while. I think Ambuja Cements is certainly a good stock for a long-term, but to me around Rs 200, Rs 190, Rs 210 zones are very strong support zones to work with. If I have to enter, I would wait until then and then maybe hold for long-term."

"Two years consolidation and a breakout after two years. Now just buy Colgate Palmolive and hold. It is a place for buying, one should continue to hold it. In case someone wants to add it, now it is trading at Rs 1,076, I think it is going beyond Rs 1,300-1,400 zones. Only thing is you buy and hold for two or three years, you are going to make good money."

Ambuja Cements was quoting at Rs 235.15, up Rs 0.10, or 0.04 percent. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.10.