Buy UltraTech, Heidelberg in cement space: Pankaj Pandey

In a chat with ET Now, Pankaj Pandey, HoR, ICICIdirect.com, shares his views on Cement sector.

ET Now: Do you like cement space?

Pankaj Pandey: Over the last two yearsm, volume growth was about odd 4.2% in the cement space. Going forward, we would expect volume growth to be in line with the GDP growth rate, which should be somewhere about 6.5% to 7% and could get better.

Even in this particular quarter, we are expecting a volume growth of about 6% and another 6% should come from the pricing, so about 12% kind of a top line growth is expected.

We are actively looking at UltraTech. Within the midcap, we like Heidelberg.