Bullish on cement: Ravi Chadda, Prodigy Investment Pvt. Ltd.

Ravi Chadda, MD & CIO, Prodigy Investment Pvt. Ltd., in a chta with ET Now, gives his views on commodities


What about the commodities space? What’s your overall view there?

Many of the commodities have been doing reasonably well but I am not so convinced about commodities overall because there is so much of a play on the rupee over there. There is so much of a play as to what happens to China, so I prefer playing many of the domestic plays and sticking with that. There is so much opportunity that the one commodity that does stand out for me is cement, which is a purely domestic commodity, that has been doing well right through the bear market actually. It surprised everybody. All the analyst reports are negative on cement but yet it has so much of representation in the list of new highs, it continues to do well, so I would probably continue to focus there.