Buy India Cements: Manoj Murlidharan Vayalar

Buy India Cements, says Manoj Murlidharan Vayalar of IIFL.

Murlidharan told CNBC-TV18, "The thing here is obviously when the Nifty corrected to 5250 odd and then after the rally came in that is when you saw the correction coming in. I feel this is not till that time you would be entering that, but pharma is one sector where there is still consistent money coming in and it is being absorbed. It is not being distributed at every rise."
He further added, "I feel pharma is one sector, we can still keep our bets long. India Cement is a good buy. The stock is trading at Rs 85-87, keep a stoploss at Rs 82-83 and it is a good trading bet. Rs 92 is what we are seeing on that." Disclosure: We have recommended the rationales and the strategies to our clients, but no personal holdings.