Sustaining above 5200 looks difficult: Unicon Investment
ET Now talks to Shrikant Shetty, Head, Equity Advisory, Unicon Investment Solutions on cement stocks.
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| ET Now talks to Shrikant Shetty, Head, Equity Advisory, Unicon Investment Solutions on cement stocks.
After budget you felt that this rally will sustain but not for too long, are you changing your mind now, especially taking a look at those consistent positive flows coming in from the foreign institutional side?
As I said earlier also, with a 5200 maybe even, there is a probability that we could take out the highs but sustaining above that looks a bit difficult because valuations at that point of time will start looking a bit expensive. On the fundamental perspective, that remains the view from a short term perspective.
After budget you felt that this rally will sustain but not for too long, are you changing your mind now, especially taking a look at those consistent positive flows coming in from the foreign institutional side?
As I said earlier also, with a 5200 maybe even, there is a probability that we could take out the highs but sustaining above that looks a bit difficult because valuations at that point of time will start looking a bit expensive. On the fundamental perspective, that remains the view from a short term perspective.
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