Madras Cement, Shree Cement can give 10-15% upside: Diwan

Prakash Diwan, Prakash Diwan's Wealth Circle is of the view that Madras Cements, Shree Cements can give 10-15% upside.

Diwan told CNBC-TV18, “At these current valuations I don’t think there is too much of headroom for banking stocks, there is quite a bit of positive news that has already priced in. But Cement I believe there are some pockets where there is enough opportunity. Look at Madras Cement, Shree Cement, whereas the prices have retraced quite a bit and they could give you a very clear 10-15 percent of an upside in the next two quarters which to me is significant from a base which is so high and the margin of safety that could be very strong. So I feel cement does offer certain opportunities. Private sector banks are fairly valued, I wouldn’t be very enthusiastic about putting more money into those right now.”