Nifty support at 22,500; JSW Cement among 3 weekly stock ideas: Angel One
JSW Cement moved lower.
· Business Standard Mkts
Nifty 22,500 remains a crucial juncture, a decisive breach below this level could accelerate the decline towards 22,200 on intermediate basis, says Osho Krishan of Angel One.
The analysis
Against that, the stock is +2.0% on the day at ₹116.98, and has returned -16.5% over three months. It sits 18% below its 52-week high. The cement & construction sector has moved -15.2% over the same period, so JSW Cement is running 1.3 points behind its peers.
For JSW Cement, the question is how much of this is already reflected in the price and how much re-rates the cement & construction peer set alongside it.
Market context
- The company directly in focus is JSWCEMENT.
- Sector exposure: Cement & Construction, Capital Markets.
- The immediate tone of coverage reads negative.
In this story
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