I am upbeat on largecaps in cement sector like Shree Cement and Ultratech Cement, said Gautam Duggad, Head of Research, Institutional Equities at Motilal Oswal Securities.
Speaking to CNBC-TV18, he said, "Last quarter was very bad for cement and this quarter has been pretty good. It is one of the relatively cleaner sector to play. I would rather play the cement, than play the capital goods or deep cyclicals in construction or other places."
“Our approach is to stay with the companies, which have consistently delivered earnings,” said Duggad.
He added, "One shouldn’t be too adventurous in this market. I continue to favour largecaps over the midcaps."
Page Industries, Britannia Industries, Pidilite, Hindustan Unilever Ltd (HUL) and Titan are the companies, where he would like to focus his attention on, he mentioned.
"We have been having preference for HUL or ITC and that has worked quite well. We continue to like Pidilite and Titan even now. We think there is a significant money still to be made in some of these names, given that you have now started seeing some benefits in some sectors," Duggad added.
Talking about next general elections, he said political uncertainty is continuing to look a bit scary at this stage, while the elections are still 12 months away and you can never predict elections specially in India.