In an interview to CNBC-TV18, Keshav Bhajanka, ED of Century Ply spoke about the results and his outlook for the company.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
It still expects the rally to extend further up to 10,350 which is an upper band of the channel. On the other hand, markets are trading in overbought zone, so we may see some correction in the near term.
As the economy gears up for the goods and services tax (GST), this change is expected to be a welcome one for the tiles industry by creating a seamless national market for the organised players resulting in the removal of interest rate barriers and an improvement in supply chain.
From the bluechip space Dipen Shah of Kotak PCG likes Infosys, ICICI Bank and from the midcaps he likes PNC Infratech, EIL, All Cargo Logistics, Century Plyboard and Supreme Industries.