Shares of cement companies were buzzing in trade. Continuing with this positive outlook on the sector, SP Tulsian of sptulsian.com says: "You have the best season now. You have the best time ahead of all the cement companies for next six-eight months because you won't be having any problem because this is now just the passing phase of the monsoon. We have seen good monsoon happening. All the cement makers will be having really very good time till June."
Also Read: Sebi observes interdependency in Ambuja-Holcim deal However, there is one view that the recovery will only come in the second half as mentioned by industrialists like Kumar Mangalam Birla. "I won't be able to say whether these are sentiment management because we have been talking of index management, market management but can you really do the sentiment management at the behest of the government and all that. But see the five stalwarts of India Inc, they have changed their tone in last one month. Kumar Mangalam Birla was saying that he won't be making any investment in this country about six months back because you don’t see any opportunity here. He has gone for an acquisition of close to 5 million tonne the cement plant from JP Group. So, the views keep changing but I am not specifically confining myself on the green shoots or on the revival of the economy because if you really see the off take, construction work they are all very much in the progress, civil public works are all in progress. So, all cement stocks I am bullish but not on the other which you have asked for – the power generation and power kind of stocks," Tulsian told CNBC-TV18 in an interview.Discover 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!
