Buy UltraTech Cement Ltd: Target Rs 4,000: Tushar Pendharkar

Tushar Pendharkar, Equity Strategist at Right Horizons Financial Services, says cheaper credit would provide enough room for capital expenditure and inorganic expansion.

It is the start of the volume pick up for the cement sector due to initiatives were taken by the government in construction and infrastructure space.

Though, UltraTech Cement Ltd's balance sheet is strong; however, the cheaper credit would provide enough room for capital expenditure and inorganic expansion.