Cement stock prices have witnessed a slight improvement over the last six weeks. However, Mohan Krishnaswamy, RBS Equities (India) says he would be cautious on the cement space in the near-term.
It was a steady and rangebound session at the market today. Most of the experts don't see the current rally taking the Nifty beyond 5,300. They advise investors to be cautious.
According to Mohan Krishnaswamy, Head of Equity Research, RBS Equities (India) Ltd, the rate tightening cycle in India is close to its end, which is positive for the Indian market.
Mohan Krishnaswamy, Head of Equity Research, India, RBS Equities said the consumer stocks in general are seeing a lot of interests because people are moving more into defensives. “I would imagine for the time being these stocks probably have limited upside because the rerating has been very significant.”
In an interview with CNBC-TV18, Mohan Krishnaswamy, Head of Equity Research from RBS Equities (India) and Vinod Juneja, MD (Group) of Binani Cement gave their outlook on the cement and construction sector.
In an interview with CNBC-TV18, Mohan Krishnaswamy of RBS Equities said cigarettes should post 15-16% revenue growth in this quarter. He sees healthy top-line and bottom-line growth in revenues of ITC.
The cement sector has been reeling under pressure of-late. However, it appears that the sector is on the upswing and its prospects could be good in FY12.