Prefer JK Lakshmi Cement: Akshata Deshmukh

Akshata Deshmukh of Trading Networth Stock Broking told CNBC-TV18, "Since JK Lakshmi Cement has posted a very strong set of numbers, this would be the most preferred bet in the midcap cement space. India Cements also has a potential to head towards levels of around Rs 135-140 in the near-term. Assuming that the economy is headed for a turnaround and a demand for cement is going to go up in the next couple of quarters at least or maybe longer, so the turnaround seems to be in place for cement companies. So nothing much to lose from the current levels.”

“One could look at a slight dip till about Rs 100-102 and look for target levels of Rs 130 but nonetheless I would still recommend looking at a JK Lakshmi Cement rather than India Cements,” she added.