Sudarshan Sukhani upbeat on ACC, Ambuja Cements

Sudarshan Sukhani of s2analytics.com is upbeat on cement stocks including ACC and Ambuja Cements.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am fairly upbeat on ACC  and Ambuja Cements . UltraTech Cement  has been in our buy list for a long time. Whenever there is a choppy market condition or a correction, short-term trader should be buying it. For short-term trading momentum traders the trend is still up and there are higher levels coming."

At 13:37 hrs ACC was quoting at Rs 1,379.95, up Rs 16.25, or 1.19 percent. It has touched an intraday high of Rs 1,389 and an intraday low of Rs 1,366.

The share touched its 52-week high Rs 1,399.25 and 52-week low Rs 912.05 on 31 March, 2014 and 28 August, 2013, respectively. Currently, it is trading 1.38 percent below its 52-week high and 51.3 percent above its 52-week low. Market capitalisation stands at Rs 25,936.16 crore.

Disclosure: Analyst does not have positions in the stocks.

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