Motilal Oswal maintains a bullish outlook on UltraTech Cement, Ambuja Cement, and JK Cement, citing strong demand recovery, price hikes, and capacity expansions, with projected growth in FY25.
It formed a doji sort of a candle on the daily frame and negated its lower highs formation of the last three sessions. Now it has to hold above 24,550 zones for an up move towards 24,700 then 24,850 ...
Cement stocks were also in focus amid price hikes by dealers, marking the first increase after 4–5 months of stagnant margins. The hikes are attributed to rising demand from the real estate sector, ...