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UltraTech Cement, a part of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, successfully placing the inventory in a bear grip, however technical indicators counsel the potential of a technical bounce again within the quick time period.
The cement main hit a 52-week excessive of Rs 8267 on 8 November 2021, however failed to carry on to the momentum. It closed at Rs 5,330 on 20 June 2022, which successfully interprets right into a draw back of over
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