Bullish on Holcim Group and UltraTech Group: Deven Choksey

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on Cement sector.

ET Now: What is the call on cement results?

Deven Choksey: Certainly bullish on the large names particularly. The capacities with 70 million plus production between the two large groups and individually of course both of them are commanding almost 70 million tonnes of large capacities - Holcim Group as well as UltraTech Group.

I always believe that the numbers would follow up when the events are becoming bigger. At this point of time cement remains very positive given the kind of infrastructure led activity which is happening in the economy. Higher demand is definitely near formality, which we are likely to see, so those with the larger capacity would get maximum benefit out of this opportunity which is more of a cyclical at this point of time but yes the cycle is likely to move at least next three to four years as we see it in a very positive direction.