ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts

Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead

Shares of Cement companies lost steam after their profitability took a hit amid margin contraction, weak cement prices, surge in fuel costs, and lower demand during the July-September quarter.  

For instance, ACC and India Cements have slid 13 per cent and 22 per cent, respectively, from their recent peaks in the last two months. UltraTech Cement and Ramco Cements, too, are down 10 per cent and 36 per cent so far in calendar year 2022.  

The companies missed Street estimates for Q2FY23 earnings with disappointing numbers. 

On a year-on-year basis, UltraTech Cement reported a 42 per cent fall in its