India Cements Ltd. (CMP: ₹364 | Stop Loss: ₹330) surged 6% today, breaking out of nearly a month-long consolidation phase. The breakout came on the back of a notable spike in trading volume, indicating a fresh wave of investor interest. Prior to the breakout, the stock had been consistently trading above its 21-day moving average—signaling a short-term bullish trend. With today’s move, momentum appears to be picking up, positioning India Cements as a stock to watch in the sessions ahead.

Source: NSE

India Cements is engaged in the manufacturing and sale of cement and cement-related products, playing a significant role in infrastructure and construction growth across India.

Ambuja Cements Ltd. (CMP: ₹623 | Stop Loss: ₹570) also broke out of a tight consolidation zone, gaining over 4% since the move began. This breakout has been supported by strong volume accumulation, reflecting increased buying interest from market participants. Technical indicators like MACD and RSI are flashing bullish signals, supporting the breakout narrative. The stock is trading above its 10-day moving average, suggesting continued short-term strength. However, a follow-through day will be key to confirming the trend’s durability.

Source: NSE

Ambuja Cements Ltd, part of the Adani Group, is one of India’s leading cement manufacturers with a total cement capacity of 31 million tonnes. With six integrated cement plants and eight grinding units across the country, Ambuja remains a key player in India’s infrastructure development.

Note: Charts and prices are as of 1 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.