In an interview with CNBC-TV18, Jaspreet Singh Arora, Sr Analyst-Institution Equity at Anand Rathi gave his readings and outlook for the cement sector.
He said, "We definitely have a buy on most of the cement stocks. Taking into account the current market prices and current valuations we are comfortable saying a buy on Grasim and UltraTech ." Below is the verbatim transcript of his interview with Sonia Shenoy and Latha Venkatesh of CNBC-TV18. Also watch the accompanying video. Q: What is your view on Ambuja Cement? It has been quite expensive compared to its peers. How do you see the stock move from here post the numbers which were quite good? A: The stock has already moved up quite a bit in the last one-two months from a price of Rs 130 to Rs 155. It kind of captures most positives that are flowing in either through the results or through the so-called buzz of a merger or the parent increasing stake. Having said that both ACC and Ambuja, we donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
