Gujral told CNBC-TV18, "In the near term India Cements has a range of about Rs 100-135. It is below its 200 DMA which is not a good sign, so the investor can get into better stocks, which are ruling above their 200 DMA because that is the bullish thing about it."
He further added, "If one has got time to wait probably does not have too much downside below an Rs 100 and once it can get past Rs 135 only then the investor can see prices of Rs 165-170. But below 200 DMA it is a sub-standard kind of investment."
