UltraTech Cement Soars 36.79% from 52-Week Low to All-Time High!

03 Dec, 2023

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UltraTech Cement is a subsidiary of Grasim, a part of Aditya Birla Group.

UltraTech Cement has a market capitalisation of ₹ 2,50,000+ crores.

UltraTech Cement holds 31.9% market share in the Indian cement industry.

It is the second-largest cement manufacturer in the world by market capitalisation.

It moved from its 52-week low of ₹6604.1 to ₹9163.4, which is the All-Time High. Giving a whopping 36.79% return in just 10 months and 5 days.

As of Sat, 02 Dec 2023, ULTRACEMCO is just ₹129.55 less than the All-Time High of ₹9163.4 Lets find out what opportunities lies ahead for ULTRACEMCO.

The Golden Extension (161.8%) level of ₹10,745 offers a promising Exit Point, given the likelihood of a downward momentum from these levels as investors might start booking their profits at these levels.

The Golden Ratio (61.8%) retracement level of ₹7581 offers a promising Entry Point, given the likelihood of a pullback from these levels as new investors might come in at these levels.