Accumulate call on Kesoram Industries: Ashit Suri
Cement sector is a neutral call. Overall, some of the stocks like ACC, Shree Cement, have been bucking the trend and doing well over the last few days.
By 
|
| Ashit Suri, Fundamental Research Analyst, JV Capital Services
ACC is trading up about Rs 3 right now, though more or less the market mood is low. Would you look at cement?
Cement sector is a neutral call. Overall, some of the stocks like ACC, Shree Cement, have been bucking the trend and doing well over the last few days. The valuations are pretty fair at this point of time and if one is to look at this sector as of now, I would look at it from the valuations perspective and I like a stock called Kesoram Industries which is trading at very fair valuations. I would put an accumulate call on Kesoram for that matter. As far as the biggies are concerned, I would be cautious at this point of time and wait for corrections to get into stocks like a Shree Cement down the line.
ACC is trading up about Rs 3 right now, though more or less the market mood is low. Would you look at cement?
Cement sector is a neutral call. Overall, some of the stocks like ACC, Shree Cement, have been bucking the trend and doing well over the last few days. The valuations are pretty fair at this point of time and if one is to look at this sector as of now, I would look at it from the valuations perspective and I like a stock called Kesoram Industries which is trading at very fair valuations. I would put an accumulate call on Kesoram for that matter. As far as the biggies are concerned, I would be cautious at this point of time and wait for corrections to get into stocks like a Shree Cement down the line.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
