India Cements BUY Call was recommended by market expert Kushal Gupta today and the stock has remained range-bound today. However, Gupta has given a BUY CALL for short term traders and it is quite possible that India Cements will reach target price of Rs 220. The Call suggested by Kushal Gupta is for August Futures Contract.

The stock price of India Cements has remained in a narrow range during the last one month with monthly high at Rs 216 and monthly low at Rs 204. Three weeks ago, LIC offloaded some shares in India Cement during market trade.

Former Indian cricket team captain Mahendra Singh Dhoni has been brand ambassador of India Cements for the last few years. He has also been promoting the brand as captain of IPL team Chennai Super Kings.

India Cements made a strategic move by appointing MS Dhoni as Vice Chairman in 2012.

Meanwhile, IPL founder Lalit Modi has shared appointment letter of MS Dhoni with India Cements on social media. The post has gone viral as Dhoni was hired for Rs 43,000 by India Cements as Vice President. His HRA and Special Allowance were INR 20,400 and INR 60,000. Compared to normal salaries these days, INR 43,000 for Dhoni seems surprisingly small amount. Dhoni is among the most earning sportsmen across the world from brand endorsements.

Dhoni was retained by CSK for Rs 8.82 crore and has been one of the most successful IPL players. CSK is owned by India Cements.