Negative on the cement sector: Ajay Bagga
A lot of capacity is coming in and I think one big catalyst could be if you see increase spends coming on the road sector that could take off otherwise we are seeing over capacity coming in cement and that's why we are negative on the sector.
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| Ajay Bagga, MD & Head Private Wealth Management (PWM), Deutsche Bank
In fact going through your picks, you are negative on the cement sector and we have seen off late what with the enhanced capacities being set up and also monsoon setting in, in the light of all of that how much of a dampener do you think it will be for people who have already put their money in cement stocks?
A lot of capacity is coming in and I think one big catalyst could be if you see increase spends coming on the road sector that could take off otherwise we are seeing over capacity coming in cement and that's why we are negative on the sector.
In fact going through your picks, you are negative on the cement sector and we have seen off late what with the enhanced capacities being set up and also monsoon setting in, in the light of all of that how much of a dampener do you think it will be for people who have already put their money in cement stocks?
A lot of capacity is coming in and I think one big catalyst could be if you see increase spends coming on the road sector that could take off otherwise we are seeing over capacity coming in cement and that's why we are negative on the sector.
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