According to technical analyst, Prakash Gaba that India Cements has support at Rs 200. So, it’s better to hold the stock at this time.

Watch the daily movements of the stock and then make your decision.

Gaba told, “India cements is trying to find supports at Rs 200 levels. Structurally it's not a bad chart. It's trying to find support may be it needs a kind of break out or so. But Rs 200-210 is in area perhaps it could bounce from here but wait for its own sweet time to go but not much downside.”

The Group’s principal activity is to make and promote cement under the brand name Coromandel cement. The Group works in four different sections including Cement, Power Generation, Property Development and Textiles.

The other trade names under which the company sells its cements include Coromandel King, Sankar Sakthi and Raasi Gold. Its plants are situated at Tamil Nadu and Andhra Pradesh. The Group functions in India.