NIFTY 50

Here’s why Ramco Cements is set for higher levels

Updated : January 13, 2021 11:37 AM IST

After hitting a fresh record high of around Rs 900 touched in December, Ramco Cements recently corrected to Rs 750.

The stock had last year recovered after it corrected to Rs 450 in April 2020 from Rs 850 level in April 2018.

The stock has seen a decline of around 30 percent in the last few trading sessions suggesting that the shorts are getting squeezed out. If the stock can defend Rs 770-800 level, it could be set for higher levels.

For more details, watch the video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you