Ultracemco, Bullish view

Cement sector has gone under time wise and price wise correction form the past 10 days.
Also the recent launch of Gati mission by Hon’ble PM, expands the horizon of infrastructure development in India which would aid -

1. Efficient Logistical support
2. Enable better mobility and connectivity
3. Promote local trades
4. Real Estate development as whole.

These factors combined can boost the cement sector significantly. Ultratech Cement being the leader will stretch out first in race. The current 1.2 mtpa addition in capacity by Ultractech will also enable it to capture larger marker and fulfil the quality demand in the sector.

CMP: 7350
Positional trade through Cash or F&O means,
Target: 7600; 7800; 8000+ (Always trail the profits)
SL 7190/-

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