Bullish on Ambuja cements, Madras Cements: Raamdeo Agrawal, Motilal Oswal Financial Services
They have expansion mindset, growth mindset I was also surprised to see that Gujarat Ambuja and Madras Cement both of them had done very well in last 25 years.
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In an interview with ET Now, Raamdeo Agrawal, Joint MD & Co Founder, Motilal Oswal Financial Services, shares his outlook for the market and talks about Ambuja Cements and Madras Cements. Excerpts:
ET Now: What is your call on cement pack, especially Ambuja Cements?
Raamdeo Agrawal: Ambuja Cement was a small cement company and they ended up becoming the biggest and even bought the ACC. They have a wonderful management team which is innovative and very energetic. This, in an industry that don't see much innovation, is an added advantage. I mean the cement industry has not seen much of an innovation.
They got early break through in the cost management so that they could expand. They have an expansion mindset, growth mindset. Gujarat Ambuja and Madras Cement both of them had done very well in last 25 years.
ET Now: What is your call on cement pack, especially Ambuja Cements?
Raamdeo Agrawal: Ambuja Cement was a small cement company and they ended up becoming the biggest and even bought the ACC. They have a wonderful management team which is innovative and very energetic. This, in an industry that don't see much innovation, is an added advantage. I mean the cement industry has not seen much of an innovation.
They got early break through in the cost management so that they could expand. They have an expansion mindset, growth mindset. Gujarat Ambuja and Madras Cement both of them had done very well in last 25 years.
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