Cement stocks overvalued: G Chokkalingam
G Chokkalingam, founder of Equinomics Research & Advisory, says that it is not advisable to buy cement stocks. Among all commodities, cement is the easiest to make and there's not much value addition required, he says, adding that with the CCI watching the market closely, a PE of 18-20 on such a commodity is not justifiable.
