Moneycontrol
Last Updated : Jan 15, 2018 05:02 PM IST | Source: CNBC-TV18

See upside in cement stocks: Neeraj Deewan

Neeraj Deewan of Quantum Securities is of the view that one may see upside in cement stocks.

CNBC TV18 @moneycontrolcom

Neeraj Deewan of Quantum Securities told CNBC-TV18, "In cement we have been seeing the valuation and the price run up in the last 6-7 months but I feel that still the valuations will remain at premium valuations and the stocks can still continue doing well because now we are actually seeing economy picking up. On the ground also we are seeing economy picking up, even real estate companies are showing some better performance now."

"I think demand for cement will remain strong as far as domestic demand is concerned and though valuation might look little expensive for the short term but by the next quarter we will be looking at FY20. So, when we rollover our valuations for FY20, that valuation gap has also reduced. So, I will be positive on cement even for the next 6-9 months. I think there is definitely an up move which may happen in cement from these levels also."
First Published on Jan 15, 2018 04:22 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant