ACC numbers have been good and that is a precursor of what we can expect from the cement industry, said Dipan Mehta, Director, Elixir Equities in an interview with CNBC-TV18.
He expects ACC and other cement stocks to move in tandem with the market. With the overall economy opening up and rural consumption picking up, he hopes to see higher cement volumes.
“It is better to go for companies where we expect expansion plans to go onstream. Something like JK Cement, Birla Corporation may perhaps outperform the biggies like ACC, Ambuja Cement, UltraTech Cement and Shree Cement,” he said.
Among IT plays, he says L&T Tech is a good medium-long term investment.