Book profits in ACC, says Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "One should try booking profits on ACC although the stock is in an uptrend right now and may be Rs 10-20 more from these levels is quite possible.”

“Going purely by the numbers its Q1 numbers were pretty bad, profit went down by around 37 percent, sales went down by around 4 percent although in the short term we believe that the demand is going to pick up bit due to end of monsoon and some traction in the real estate sector. But still on valuation parameters we think that it is on the upper band of its valuation and it is time to book profits. If one wants to be in cement sector one can switch to Shree Cement which is on a better valuation that ACC,” he added.