Ambuja Cements can go upto Rs 225-230: Parikh

Rikesh Parikh, Motilal Oswal Financial Services is of the view that Ambuja Cements can go upto Rs 225-230.

Parikh told CNBC-TV18, “Both ACC and Ambuja Cements are showing quite a bit of positive momentum today. Ambuja Cement is trading around Rs 214 and it has given a positive volume breakout also today. If you look at the volumes today they are higher compared to the previous trading session which is indicating longs being built into the system. So one can look at going long on Ambuja at current levels keep Rs 206 as a stop loss. On higher side on can look at target price in the range of Rs 225-230 on the stock. Similarly ACC is also showing some amount of strength.”