UltraTech Cements looking very positive: Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his views on the outlook of UltraTech Cement.

You are bullish on UltraTech Cement, is it just a stock-specific approach or do you think the whole sector is poised for an uptick?

No. It is completely specific to UltraTech. UltraTech is the only stock that is trying to challenge the highs as contrasted to the other leaders from the sector like ACC. It seems to be something very specific to UltraTech. If somebody has an interest in the cement sector, long UltraTech, and may be short if you want the other stocks as a pair trade. If somebody wants to go long in cement, UltraTech would be the thing.