Stay invested in India Cements, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "India Cements' numbers were disappointing. At the same time, I would have a hold for the stock and I see better levels because if you see the disappointing numbers, they were very disappointing on a year-on-year (YoY) basis. However, if you see on a quarter-on-quarter (QoQ) basis, especially if you look at say the margins, definitely it is under pressure but there is a bit of stability that is coming in."

"I believe that going forward, the stock that has corrected substantially given the big dip that we saw in the overall margin numbers, revenues were down, I think to that extent, from here on I think the stock should stabilise and move up again because I see the demand volume picking up again. Especially in south, they have not really had a very good season. So, I think going forward things should look better."

"One should continue holding and I think on an EV/EBITDA basis I think still it looks one of the attractive stocks in the overall cement space," she added.