ACC and UltraTech Cement have both surprised the street with a massive topline beat this quarter. Is this indicative of a turnaround in the cement sector? In an interview to CNBC-TV18, Sanjay Ladiwala, Chairman, Cement Stockists and Dealers Association of Bombay and Jaspreet Singh Arora of Systematix Shares and Stocks shared their views and outlook on the same.
Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
Jaspreet Singh Arora, Head of Reasearch, Systematixs Shares & Stocks likes UltraTech and Ramco Cements cement sector and HDFC Bank, IndusInd among bank stocks. He adds that Equitas and Ujjivan will make a faster recovery than other NBFCs.
Cement price has also fell. But Arora says the prices are very volatile and will bounce back soon. Only after December end can we understand where the prices may settle.
Jaspreet Singh Arora, Sr. VP and HOR at Systematix likes Control Print and feels that Tata Motors may see 40 percent upside.
Jaspreet Singh Arora, Senior Analyst - Cement & Construction - Institution Equity of Anand Rathi advises to prefer UltraTech Cement from largecap cement space and Shree Cement from midcap cement space.
UltraTech Cement in the large cap and Shree Cement and JK Lakshmi Cement in the midcap space are the top pick, says Jaspreet Singh Arora, Anand Rathi.
In an interview with CNBC-TV18 Jaspreet Singh Arora, Sr Analyst-Institution Equity at Anand Rathi gave his readings and outlook for the cement sector.
In an interview with CNBC-TV18, Jaspreet Singh Arora, Sr Analyst - Cement & Construction - Institution Equity at Anand Rathi Financial Services gave his readings and outlook on the cement sector.
Jaspreet Singh Arora, Sr Analyst - Cement & Construction - Institution Equity at Anand Rathi Financial Services feels that there is a upside in Grasim.