Look at midcap cement companies: Anand Tandon, JRG Securities

Anand Tandon, CEO, JRG Securities, in a chat with ET Now talks about the cement space.

What is your take on cement pack?

I am not sure whether front line cement is actually very cheap. They are still trading well above replacement cost or even EV to EBITDA multiples. If you have to look at cement, I would look at some of the midcap companies because there the valuations have corrected.

But if there were one sector that I would look at right now, the biggest underperformer of this year is the power utilities, power equipment space is perhaps something looks interesting to me over the next 6 months or so.