Support for Ambuja Cements at Rs 200-210: Hemen Kapadia

Hemen Kapadia of KR Choksey Securities is of the view that Ambuja Cements has support at Rs 200-210.

Hemen Kapadia of KR Choksey Securities told CNBC-TV18, " Ambuja Cements has strong support at Rs 210-200, I think this level should hold. The stock is expected to do well, nothing seems to suggest a reversal at hand. We are in an established long-term uptrend. If I had a choice between ACC  and Ambuja Cement, ACC looks slightly better than Ambuja."

On July 24, 2014 Ambuja Cements ended at Rs 218.70, up Rs 2.40, or 1.11 percent.

The share touched its 52-week high Rs 243.85 and 52-week low Rs 147.55 on 9 June, 2014 and 28 August, 2013, respectively.

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