Stay away from India Cements: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "We will still remain away from India Cements. Considering the controversies going on and the overhang of the Indian Premier League (IPL), you may see any kind of action happening against the company. Even of you take the franchise value also, that is also seen moving in doldrums. So taking all this into consideration, as such the overall cement sector has not been doing well."

He further added, "Amongst the space, India Cements has always remained laggard. Even though I have been keeping my positive stance on the cement stocks, many of them, but even from the core business as well as the other IPL controversies going on, I won’t be taking a view on the stock."