Buy UltraTech Cement, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "UltraTech Cement could be definitely a buy on every dip and a hold with a long term view also. Now it has already the largest Indian company. After the JP Associates takeover of their cement capacity I think we are seeing an uptake in the EBITDA and it could further move up. I do believe that with the overall demand picking up for cement both realisations as well as its all India reach will give it a better valuation going forward.""I do agree that it is slightly expensive but with the increased capacity and higher returns going forward, I think over a next one to two years it makes a very good sense to buy and hold," she added.