Ambuja Cements, top pick in cement space: SP Tulsian

Ambuja Cements is the top pick in cement space and may breach Rs 210 maybe in next 15-20 days, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, “I am holding positive on all cement stocks and Ambuja Cements looks to be the strongest amongst all, if you take the top three, Ambuja, ACC and Ultratech. So probably Ambuja in my view can head about Rs 210 maybe in next 15-20 days. I am expecting the stock to breach Rs 200 mark in this series itself, so having positive view on the stock.”
He further added, “If you exclude the last one week’s correction when Heidelberg has corrected from Rs 43 to as low as maybe Rs 36-37, which I see more as maybe the distribution or maybe the consolidation having taken place at those levels. Otherwise, the view is quite positive because they have been adding the capacity. If you see the present status upto March 2012, it was a debt-free company and they have the good amount of capacity additions in the pipeline, which will be all operational in the next 3-6 months, coupled with the margin improvement and obviously with the MNC tag and improvement in the margin in this stock I am holding quite bullish view and expecting that – I won’t be surprised to see the price moving to about Rs 50 in the next 2-3 months or so.”