Why is Sharekhan negative on the cement space?

Sharekhan has come out with its report on cement sector. According to the research firm, they maintain negative stance on the sector.

"The top three domestic cement players- ACC, Ambuja Cements and Ultratech Cement (Ultratech) posted a mixed performance in their cement dispatches for the month of February 2011. ACC registered an impressive performance with a strong 17% growth in its dispatches whereas Ultratech and Ambuja Cements

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