Stock Radar: Stock Radar: Over 30% Down From November Highs! This cement stock is a contrarian buy at current levels

UltraTech Cement, part of the S&P BSE Sensex index, is down more than 35% from its November 2021 high, sending stocks into a tailspin, but technical indicators suggest technical possibility. short-term recovery. Major cement prices hit a 52-week high of Rs 8267 on November 8, 2021, but failed to hold up. It closed at Rs 5,330 on June 20, 2022, which really translates to the downside of more than