See substantial upside in India Cement: Siddharth Bhamre

Siddharth Bhamre of Angel Broking expects substantial upside from current levels in India Cement. He advised buying the stock in cash segment.

Bhamre told CNBC-TV18, “We are seeing huge formation of long positions in Reliance Capital, and Reliance Infrastructure also. But this is something which is out of our purview in terms of analysing the data because it (Anil Dhirubhai Ambani Group companies) is very news prone.”
“Some of the other stock which we like is India Cement. It is on the verge of breakout. The stock saw strong price actions in last two trading sessions with good volumes. We are expecting substantial upside from current levels in India Cement. Though, it’s a less liquid stock in F&O, you can buy in cash market segment,” Bhamre added.