“For something that grows at 10-11%, we are paying 27-30-40 times earnings and it is the rainy season. So a lot of demand will come in the December season, for the Diwali. That expectation plus the price hikes are making cement stocks go up, but overall I feel it is a very temporary move. These stocks are overvalued. This is not the greatest time to buy into a five-year cycle. I am avoiding the sector for now.”
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