Buy India Cements: Rakesh Arora

Buy India Cements, says Rakesh Arora, HOR, India, Macquarie Capital Securities.

Arora told CNBC-TV18, "The only buy we have is India Cement which is a south India play. I remember that south India went to oversupply more than two years back. South Indian cement players have largely been dependent on imported coal, so their costs are always higher and they are not likely to be hit as much by the Coal India price increase as the other guys in north and central India would be." He further added, "We do prefer India Cement among the pure companies. Grasim is the other pick that we have and largely it is because of the exposure to VSF business, which is doing exceedingly well."