Economy & Market
Religare Capital bullish on cement sector
Managing Director and Head of Equities-India, Religare Capital Markets Gautam Trivedi
has said that the company is bullish on the cement sector as a whole. He told a leading business newspaper that he would have otherwise probably prompted to say ACC or Ambuja among the large cap cement plays.
He added that there is a persistent rumour in the market and again it resurfaced over the weekend that it is likely to charge both these companies royalty of 2 per cent. So the company still prefer UltraTech.