HomeNewsBusinessStocksBuy cements stocks including Ambuja Cements, UltraTech: Gujral

Buy cements stocks including Ambuja Cements, UltraTech: Gujral

Ashwani Gujral of ashwanigujral.com recommends buying cements stocks including Ambuja Cements, UltraTech Cements and Prism Cement.

April 11, 2016 / 16:12 IST
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Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The kind of rally that you are seeing, you are probably going to see a multi-month, may be even multi-year styled rally in cements because of the way these stocks have gone up, this is the first move. Public will get in and underownership of cement will totally go away.""Any sort of correction like in Ambuja Cements or UltraTech Cement that we can see today should be bought aggressively. Even the smaller cement stocks, like Prism Cement etc, will trade at Rs 150-160. Cement will remain the surprise package and month after month I think you should see gains. If you wanted some sort of a sector where nobody has any exposure and which is looking fairly strong, it is cement which has surprised people," he said."If you probably get a 3-5 bar correction sugar, it is still a buy. It has just started a fresh bull market. So, some sort of pause and I think these stocks will also pull up. So, the trend remains, cement, sugar, both having kind of a light day. So, probably some consolidation and then we should see fresh highs again."

first published: Apr 11, 2016 03:50 pm

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