Buy midcap cement stocks: Amit Dalal
Published on Tuesday, June 9th, 2009 at 6:00 PMAuthor: admin (5507 Articles)
Amit Dalal of Amit Nalin Securities is of the view that one can buy midcap cement stocks.
“If there is a correction in many of the midcap cement or even a Madras Cement, they are all at 8-9 times forward. Given the construction boom that is coming back and definitely it is not abating and the capital that is going in to many of the real estate developers, I believe that we will have good cement demand for at least another six months. After that whether the supply exceeds demand that only time will tell us. But midcap cement or even a Madras Cement makes a lot of sense to buy.”
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
Source : MoneyControl
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