Stay away from cement stocks: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com talks to ET Now gives his views on cement stocks.

Your outlook on the cement space perhaps a dark horse like a Prism cement because its holding up quite well in trade today?

Overall there seems to be a some amount of weakness now in cement stocks like ACC are not benefiting at all from this rally. So, in fact they are tending to go down so at the moment not seeing much demand in cement. I would stay clear of it as trader and even for longer term investing its they may be okay to have little bit of your portfolio in cement but cement stocks have not really been delivering.

Prism Cement kind of stock well it may go up once in a while but at the end of the day the entire pack is not very strong why take a chance with any of those stocks.