India Cements Ltd – 1D

1. Important Levels Support: ₹371–375 Resistance: ₹431 (fresh breakout level) Volatile but holding above key demand zone 2. Business Cement manufacturer with strong presence in South India Operational turnaround phase underway 3. Earnings Margins under pressure earlier due to costs Gradual improvement expected with demand recovery & cost control 4. Verdict Neutral to positive bias Strength only above ₹431 Below ₹371, structure weakens