Sudarshan Sukhani, s2analytics.com advises to buy Ultratech Cement on dips.
Sukhani told CNBC-TV18, “Technically, most of the cement space is not attractive but I would go with Ultratech Cement. It is an exception. It is now on the verge of a breakout. This minor decline is a buying opportunity. You are buying on a dip and anticipating a bigger move.”
On April 22, UltraTech Cement closed at Rs 1,878.75, down Rs 48.60, or 2.52 percent. It has touched an intraday high of Rs 1,928 and an intraday low of Rs 1,861.