ACC a good pick in the cement pack: Shardul Kulkarni, Angel Broking

Shardul Kulkarni, Senior Analyst, Angel Broking in a chat with ET Now talks about cement stocks.

What is the strongest according to you from the large cap cement pack if the options are ACC, JP Associates and Ambuja Cements?

My top pick would clearly be Ambuja Cement. Ambuja has given you a very strong breakout in yesterday’s session. Now what you can expect is a little bit of a consolidation. But on the weekly basis also, Ambuja has the best charts. So I would say Ambuja first and ACC second.

JP I would not trade because while the other cement stocks have performed and they are probably near to the previous highs, JP is not that strong. So I would look at Ambuja and ACC. ACC I would say that any dip towards the levels of 1050 should be used to go long with the stop loss on the lower side around 980. Of course this is a longer term call probably 3 to 4 month call but at 1050 it does make sense to go long in ACC.