India Cements on track to end six-day losing streak

India Cements

28/09/2022 08:21

** Shares of cement maker India Cements Ltd  ICMN.NS  rise
as much as 10% to 254.75 Indian rupees ($3.11), their biggest
intraday pct gain since Sept. 19
    ** ICMN shares set to end six-day losing streak that saw
shares slide 20.1%
    ** More than 14 mln shares change hands by 0716 GMT, 1.7x
30-day avg of 8.07 mln shares
    ** All 7 analysts covering the stock have a "sell" or
"strong sell" rating; median PT is 135 rupees - Refinitiv data
    ** Stock up 20.5% so far this year, up to last close
($1 = 81.9000 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))