UltraTech, ACC: These 6 cement stocks are signalling up to 16% upside

UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively

Shares of cement companies are showing positive signals on tech charts even as the frontline benchmark indices flounder at all-time high levels. While the S&P BSE Sensex managed to stage a new all-time high of 53,129 on Tuesday, the overall sentiment remains tepid.

Despite caution at the benchmark level, the current momentum in the cement sector indicates an upside of nearly 10 per cent in select stocks. Further, if the breakout is supported by volume, the sector could be in for a sharp upside in the short-term. Shares of UltraTech Cement and Grasim Industries, for instance, are only a few