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India Cements share slips 5% despite strong Q4 earnings


India Cements share slips 5% despite strong Q4 earnings
The stock touched a 52-week high of Rs 210.90 on May 24, 2021, and a 52-week low of Rs 107.45 on September 09, 2020. Currently, it is trading 73.5 per cent above its 52-week low and 11.6 per cent below its 52-week high
BusinessToday.In | May 25, 2021 | Updated 15:49 IST
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Share of India Cements declined 5 per cent to hit an intraday low of Rs 186.50 despite strong Q4 earnings. The company reported a net profit of Rs 50 crore in Q4 against a loss of Rs 10.4 crore in the year-ago period.
The share opened 1.65 per cent higher at Rs 199.70 against the previous close of Rs 196.45. At 14:53 hours, the stock was trading at 186.55, down 4.89 per cent on BSE. ....

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Nifty needs to hold 14,500 to sustain upside: Gaurav Garg of CapitalVia


The market traded higher on Wednesday as the Nifty index continued to hold its momentum for second straight session on strong global cues. The index closed at 14,644.70 adding, 123.50 points. Technology, PSU banks and media stocks traded with positive sentiments whereas FMCG sector closed with a red mark with marginal loss. Nifty Bank closed at 32,543.70, adding 118.90 points from the previous day s closing.
As per weekly option data, significant put writing on lower strikes, ranging from 14,500 to 14,600, is witnessed which shows that Nifty might take support in the zone of 14,500 as maximum put OI is placed here. We can witness profit booking only if Nifty breaks level of 14,500. Therefore, traders should try to create long position keeping close eye on 14,500. ....

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