Buy UltraTech Cement on dips: TS Harihar

TS Harihar, Chief Executive at HRBV Client Solutions told CNBC-TV18, "A lot of the cement companies like ACC and Ambuja Cements have corrected from higher levels but I believe cement becomes attractive as and when the pricing power comes back and that is only possible when we see a real pick up as far as construction space is concerned. However, while definitely we see greenshoots of pick up in construction activity, we are still to see a very substantial pick up. So to that extent cement demand and the power of cement pricing does not as of now rest on the manufacturers.""While there are odd companies like UltraTech Cement which is looking good and buy on dips candidate, I think something like ACC or Ambuja, I would prefer to wait for lower levels before getting in and starting to buy these stocks," he said.