yes index looks expensive but not ambuja. ambuja is looking so cheap so what i am saying to buy ambuja without having any fear because you are not buying index, you are buying ambuja cement (the bestin cemet business)
1. whole of the cement sector is week
2. whole of infra sector is under pressure
3. stocks move with market (till there is no news, when there is news; stock can move differently)
4. ambuja will remain range bound till it declares some good news 75-85.
5. cement price is reducing and production is increasing.