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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