Exit ACC, says Shahina Mukadam

Oct 25, 2013, 03.30 PM IST

Shahina Mukadam of Fairwealth Securities is of the view that one may exit from ACC and shift to the other sector as cement space is not going to improve substantially over the next three-six months.

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Shahina Mukadam of Fairwealth Securities is of the view that one may exit from ACC and shift to the other sector as cement space is not going to improve substantially over the next three-six months.

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Exit ACC, says Shahina Mukadam

Shahina Mukadam of Fairwealth Securities is of the view that one may exit from ACC and shift to the other sector as cement space is not going to improve substantially over the next three-six months.

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Shahina Mukadam of Fairwealth Securities told CNBC-TV18, " ACC is a pretty low beta stock and I don't think the cement market is going to really improve substantially over the next three-six months. The maximum that one can get in a year would be around Rs 1300 so it is a 10 percent plus or minus from these levels."

"One should book out from this stock may be shift to some other sector which is likely to do better in the next three-six months," she added.

At 15:26 hrs ACC was quoting at Rs 1,136.95, down Rs 15.35, or 1.33 percent.

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