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ULTRACEMCO
UltraTech Cement stayed in focus during today’s market session as cement and infrastructure-related stocks witnessed active movement. The stock attracted trader interest amid positive sentiment in construction and capital expenditure-related sectors.
Market participants were also tracking the stock because of expectations of steady demand from housing and infrastructure projects. Buying activity in large-cap cement counters kept UltraTech active through the session.
What supported the stock today:
• Strength in cement sector stocks
• Infrastructure and construction theme in focus
• Demand expectations from real estate sector
• Activity in large-cap industrial counters
• Positive market sentiment in capex-related stocks
UltraTech Cement continues to remain one of the important infrastructure-linked stocks in the NIFTY50 index and stayed on traders’ watchlist during today’s market session.#Today’sTradingSetup#EquityResearch#TechnicalViews
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