Coal news and updates

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "Very clearly while we have seen that likes of UltraTech Cement   , Ambuja Cements   and ACC   race ahead in this entire re-rating of the sector, it is a very good opportunity in the midcap and smallcap side on the cement segment. 

One of the stocks that comes to my mind is Sanghi Industries   . This is the company that had some huge advantage which it has yet to kind of exploit fully, particularly the fact that it has huge limestone mines across 1500 hectares in Gujarat in Kutch and it is all surfaced mines. It doesn't need to spend much on digging this raw material out." "The fact that they are using the sea transportation route, they are using the captive jetties is also going to be a future advantage. So, that is a stock that is under-rated. It is nice small sweet company as a right base for raw material and for clinker. So, you can look at those kind of things," he said. " JK Lakshmi Cement   is the other stock which from a valuation perspective augurs very well, so the space is very promising. 

You will start seeing the midcaps and the smallcaps in the cement side starts raving up now which Ultratech Cement and the biggies of that space has already kind of shot up." "One of the top picks is Edelweiss Financial Services   which is very sound and robust in terms of revenue."