Buy Mangalam Cement with target of 139: Pankaj Pandey

In a chat with ET Now, Pankaj Pandey, Head of Research, ICICI Direct shares his views on cement stocks.

ET Now: What is your call on cement stocks?

Pankaj Pandey: We like cement as a space from the valuation perspective and also from the interest rate point of view. If the interest rates were to come down and infrastructure sector does well, cement would be a better one to participate because of better balance sheet. We like Mangalam with a target price of 139.