Page 13 - Tech Cement News Today

UltraTech Cement has witnessed a breakout of a triangle formation with huge volumes. After reaching all-time high level of Rs 8,869, the stock has experienced profit booking.

Based on the OI percentage, 81 stocks were on the short-covering list. These include Atul, Ramco Cements, L&T Technology Services, Alkem Laboratories, and HDFC AMC.

Indian shares are turning in a mixed performance Tuesday morning with investors looking for directional clues. Activity is mostly stock specific and movements are a bit range-bound.

Heidelberg Materials (OTCMKTS:HLBZF – Get Free Report) and UltraTech Cement (OTCMKTS:UCLQF – Get Free Report) are both basic materials companies, but which is the better business? We will compare the two businesses based on the strength of their risk, analyst recommendations, earnings, dividends, profitability, institutional ownership and valuation. Profitability This table compares Heidelberg Materials and […]

Wipro, Asian Paints, Nestle, Mahindra & Mahindra, Bajaj Finserv, IndusInd Bank and ITC were the major gainers

Further, according to the sources, Ultratech is exploring both existing promoter buyout or cement business acquisition.

Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous days gain. The Nifty climbed 54.35 points to 19,866.20.

Indian shares were a tad lower on Monday as investors closely watched movements in bond and oil markets for direction. The benchmark S&P BSE Sensex dropped 126 points, or 0.

Indian shares edged lower Monday on inflation concerns after oil prices surged on reports that OPEC+ is considering deeper output cuts at the 26 November meeting in Vienna to shore up prices.