Cement sector

12 month Performance

JKCEMENT and ULTRACEMCO have been leading stocks in the 12 month sector performance with a gain of 58% and 49% respectively.

However, in 2024 the lead has been taken by ACC recently with a 10% gain while the leader JKCement continues strongly and is right behind at 9%.

ACC

Weekly chart

A strong move of 10% with a volume of 356% can never go un-noticed on an Earnings day. Clear sign of Institutional accumulation.

We should see new ATHs next week.

JKCement

Weekly chart

JKCement is in a Stage 2 uptrend and at ATH level with no limits post strong Earnings. It has been consolidating at its breakout level of 3838 since Dec’11 and looks ready to scale new heights.

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