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Stock Of The Day: Three-Day Fall Takes India Cements To Lowest In Six Months
India Cements reported a consolidated net profit of Rs 116.52 crore in the third quarter ended on Dec. 31, 2024, driven by the sale of investments.
22 Jan 2025, 11:24 AM IST 
Shares of India Cements kept testing the life-high level since the beginning of the year, but took a nosedive on Nov. 20. (Photo source: Company website)
The selloff seen in the stock of The India Cements Ltd. extended to day three with the shares down over 15% to a six-month low on Wednesday. The stock fell despite reporting a net profit of Rs 116.52 crore in the third quarter. Shares of the cement maker kept testing the life-high level since the beginning of the year, but took a nosedive on Nov. 20. The stock currently finds support near the crucial 200-day moving average at the Rs ...
