Ambareesh Baliga, Independent Market is of the view that it is a good time to buy cement stocks.
Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I think it is a good time to buy cement and that is what I have been saying now for the last week or 10 days that get into cement because these stocks have fallen again because of demonetisation, the affect on real estate."
"However, then we should remember that finally the government would be richer at the end of this demonetisation exercise and to kick start the economy they will start spending on infrastructure. That is when you will again see a decent boom happening in the infrastructure space," he said.
"I am sure there would be decent sops for the housing sector in the Budget because that is another way to kick start the economy. So, from that point of view o think after a lull of possibly 2 or 3 months, you will again see the cement sector booming again. So, this is again the right time to start looking at cement especially stocks like UltraTech Cement and Ambuja Cements which has corrected decently well."The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Nov 22, 2016 05:30 pm