After hitting a fresh record high of around Rs 900 touched in December, Ramco Cements recently corrected to Rs 750.
The stock had last year recovered after it corrected to Rs 450 in April 2020 from Rs 850 level in April 2018.
The stock has seen a decline of around 30 percent in the last few trading sessions suggesting that the shorts are getting squeezed out. If the stock can defend Rs 770-800 level, it could be set for higher levels.
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