Bullish on cement sector, prefer UltraTech: Gautam Trivedi, Religare Capital Markets

Gautam Trivedi, MD & Head of Equities-India, Religare Capital Markets Ltd., in a chat with ET Now, speaks about the cement sector. Excerpts:

ET Now: What makes you bullish on UltraTech Cement?

Gautam Trivedi: I agree, but the fact is we are bullish on the cement sector as a whole. I would have otherwise probably prompted to say ACC or Ambuja among the large cap cement plays. There is a persistent rumour in the market and again it resurfaced over the weekend that it is likely to charge both these companies royalty of 2%. So we still prefer UltraTech.