Shree Cement shares have fallen by around 10% from their February highs and may see further downside if they fail to hold onto the 200-day moving average support, according to analysts. The stock, which hit a high of INR27,013 ($402) on 21 February, is displaying bearish signs as it trades below 5-, 10-, 30- and 50-day moving averages but above the 200-day and 20-day counterparts. Shree Cement may be a short-term sell opportunity at INR24,300, with a stop loss of INR24,900 and a target of INR23,200, suggests Emkay’s Kapil Shah.
Rupee falls 14 paise to 92.42 against US dollar in early trade
The Indian rupee depreciated by 14 paise to trade at 92.42 against the US dollar on Tuesday, pressured by rising crude oil prices and consistent
March 17, 2026