Prefer telecom stocks for investment: Sandip Sabharwal

Sandip Sabharwal, Market Expert told CNBC-TV18, "Telecom seems to be a good play. Consolidation has happened and pricing power has come back. That has played out somewhat in this year, but it will play out more going forward. So telecom should clearly be a play for investors."

"Cement is an industry which I have never liked because of the fact that there is huge overcapacity, pricing sustains because of reasons which are not fundamental. To that extent, it is very difficult to buy them on a fundamental basis, capacity utilisation is hardly 60-65 percent," he added.

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