Look at cement space, says Gautam Shah

Gautam Shah of JM Financial told CNBC-TV18, "You are at index of 8,800, so you want to be very careful recommending stocks in sectors to your viewers, but having said that I think one space which I think still has a lot of juice and if you are looking at it from a 6-12 months perspective and that would be cement.""If you look at some of the midcap cement stocks, the kind of setup that they have developed in the last 6-8 months is phenomenal. A lot of cement stocks are making higher highs on a weekly basis and this is likely to continue for months to come. This is one space where investors can look at and I wouldn’t be surprised if this sector gives you at least 50-70 percent over the next 6-12 months, which I am sure is going to be gross outperformance in comparison to the other sectors," he added.