Avoid cement stocks: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com., in a chat with ET Now, gives his market outlook


Anything from the cement pack that you like Ambuja cement in particular has shown a rally?

Cement basically has got into the act now but it is an underperforming sector. These stocks are up 2% or 3% since August 26. There are so many other stocks which are up more than 10%-15%. So riding momentum cement would not be the top pick. In fact if you pick anything now it is likely to go up in the next two or three weeks except stocks which are affected by other reasons like Everonn or JB Chemicals but most stocks are going to go up a dart board will do pretty well now for the next couple of weeks at least so for that reason I would not pick cement. I would see it as not exploiting the potential of this rally.