Pick UltraTech Cement: Abhijit Paul

Written By Unknown on Rabu, 09 April 2014 | 18.00

Abhijit Paul of Alphative Advisors is of the view that one may pick UltraTech Cement from the cement space.

Abhijit Paul of Alphative Advisors told CNBC-TV18, "Cements have moved fairly well and most of the stocks have managed to hit their life highs. But, at current price it doesn't make sense to jump and buy into them either from a short-term point of view or say medium to long-term as well. I am more comfortable to buy these stocks form a little lower price that is in a range of 3-5 percent for sure at least."

"To pick one stock from a long-term point of view UltraTech Cement  has the strongest long-term charts. So, that is one stock which tops the list from the cement stocks," he added.


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