Ambuja Cements best bet in cement pack: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his stock ideas.

What is the call on cement stocks?

Ambuja Cement has been the standout performer. It has notched up higher gains than any of the other large cap cement stocks and most of the midcap to smaller caps as well.

Mangalam Cement is up about 25% from the bottom it made in February. So that is pretty much at par with a whole lot of stocks in the market. It is in an uptrend but it is way below the all-time highs it has reached. That suggests it is a secular uptrend. It is doing okay, it is in an uptrend. If you hold the stock, it is worth holding on. As long as the bull market lasts, you should have positive returns here but somebody wanting to invest in cement at this time, Ambuja Cement looks the best.