There is nothing cheap in the market now, but a long-term investor can still get an average of 12 to 13 percent return over a three-year period.
There is pricing power for cement makers and it could improve their profitability.
Valuations are not cheap, that's what worries me. But it probably will get more expensive before it gets cheaper.
Within India, genuinely, Indian businessmen are so positive in terms of body language. No one sees any kind of concern. The big thing is that they are so confident.
Earnings numbers from some of these companies were surprising on the positive side.
