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B. Krishnakumar

India Cements (Rs 70): The stock was in a consolidation phase for a while. There was a breakout from this range on Monday that was also complemented by a pick-up in trading volumes.

As a result, the short-term outlook has turned bullish. The share price is likely to move to the Rs 88-90 range. Remain invested with a stop-loss at Rs 60.

Investors may consider fresh long positions with a stop-loss at Rs 60 on price weakness. Exposures may be enhanced with a stop-loss at Rs 66.5 if the stock closes above Rs 74. Partial profit booking may be considered when the share price moves to the target zone of Rs 88-90.

Dhampur Sugar (Rs 145.8): The stock has moved in line with earlier expectations (edition dated March 13). As observed, the share price ruled weak and also dropped to the price target of Rs 130. It has since staged a recovery in the past few days. The long-term outlook is bullish and the share price could move to the Rs 175-180 range.

Shareholders may remain invested with a stop-loss at Rs 128. The share price is likely to drop to the Rs 138-140 range in the short-term and the long-term uptrend would resume subsequently. Fresh exposures may be considered on price weakness with a stop-loss at Rs 132. A drop below Rs 127 would negate the positive outlook and would push the stock to the Rs 98-100 range. Long positions may be liquidated on the breach of Rs 127.

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