Friday, April 29, 2011

INDIA: Suresh Mahadevan's view on cement sector



Suresh A Mahadevan, Head of India Research - UBS Securities is bearish on cement sector barring Grasim Industries.

Mahadevan told CNBC-TV18, "We have been bearish on the cement sector. The only name we like in that is Grasim other than that we generally had a negative bias on the sector because we still think some of the supply issues continue. Around monsoon these stocks do correct historically so post that we would take a relook at the sector but at this point with exception of Grasim we are bearish on the sector.

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