Ambuja Cements can test Rs 122-123

Published on Thu, Jun 21, 2007 at 16:20 |  Source : Moneycontrol.com

Updated at Thu, Jun 21, 2007 at 18:53  

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Ambareesh Baliga, ., Karvy Stock Broking

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Ambareesh Baliga of Karvy Stock Broking is of the view that Ambuja Cements can test Rs 122-123.

Baliga told CNBC-TV18, "Cement in fact we saw some buying in the last two to three days. But again from these levels I think upside could be just limited to as 3-4% more. For example, Ambuja moved up from Rs 109 levels to Rs 118-119 levels. Possibly it can move to Rs 122-123. But beyond that it seems a bit difficult."

  

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