JP Associates looks positive in cement pack: Satish Betadpur

ET Now caught up with Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC, to get his views on the cement pack.

What are your top picks from the cement sector?

I like the southern cement packs and JP Associates. The southern pack has been beaten down because of well-known worries about offtake and pricing and that is corrected and now we are back on growth track there. So, valuations are reasonably attractive in the southern cement pack and I like a bunch of them. We also like JP Associates because of the diversified nature of their businesses and there are a bunch of catalysts that can take the stock higher including listing of one of their subsidiaries in the near future.