Thununguntla told CNBC-TV18, "Cement stocks had fantastic time in 2011-2012, but I feel the valuations have reached at a point that it makes sense to exit. These are all good names, strong brands, the business is going decent. But having said that considering that we are talking about these stocks after a strong momentum and rally for last two years I feel expecting further from here maybe little challenging. It is better to book this loss in Ambuja Cements and move on."
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