Technical Setup (Daily Chart)
CMP: ₹362
Structure: Approaching a multi-month resistance at ₹370 (marked on chart). Price is squeezing near breakout point.
EMA Setup (5–9–20): Bullishly aligned; price holding above all EMAs with strength.
Volume: Gradual build-up, indicating accumulation.
Momentum: Positive divergence forming with RS SPX.
Pattern: Classic cup & handle breakout on cards.
🔔 Trade Plan
Entry: On close above ₹373 (daily breakout)
Stop-loss: ₹348 (below handle base)
Target 1: ₹410
Target 2: ₹445+
Risk–Reward: 1:2+ with bullish continuation potential
🧾 Fundamental Highlights
Metric Value
Market Cap ~₹13,100 Cr
P/E (TTM) ~28×
P/B Ratio ~1.7×
ROCE ~8.6%
ROE ~5.6%
Debt-to-Equity ~0.83×
Sales (FY24) ₹11,900+ Cr
Promoter Holding 71.53%
Cash Flow (FY24) Strong operating cash flow
🔹 Business: One of the leading cement players in East & North India. Recently improved operating margin and debt profile.
🔹 Tailwinds: Capex done, infra push from government, demand pick-up in housing & roads.
🔹 Recent Positives: Expansion benefits kicking in; YoY EBITDA margin improvement.
CMP: ₹362
Structure: Approaching a multi-month resistance at ₹370 (marked on chart). Price is squeezing near breakout point.
EMA Setup (5–9–20): Bullishly aligned; price holding above all EMAs with strength.
Volume: Gradual build-up, indicating accumulation.
Momentum: Positive divergence forming with RS SPX.
Pattern: Classic cup & handle breakout on cards.
🔔 Trade Plan
Entry: On close above ₹373 (daily breakout)
Stop-loss: ₹348 (below handle base)
Target 1: ₹410
Target 2: ₹445+
Risk–Reward: 1:2+ with bullish continuation potential
🧾 Fundamental Highlights
Metric Value
Market Cap ~₹13,100 Cr
P/E (TTM) ~28×
P/B Ratio ~1.7×
ROCE ~8.6%
ROE ~5.6%
Debt-to-Equity ~0.83×
Sales (FY24) ₹11,900+ Cr
Promoter Holding 71.53%
Cash Flow (FY24) Strong operating cash flow
🔹 Business: One of the leading cement players in East & North India. Recently improved operating margin and debt profile.
🔹 Tailwinds: Capex done, infra push from government, demand pick-up in housing & roads.
🔹 Recent Positives: Expansion benefits kicking in; YoY EBITDA margin improvement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.