Stock Radar: Strong rally seen in Ramco Cements! Will the stock hit fresh 52-week high?

The stock reached a 52-week high of ₹1,057 on December 14, 2023, but lost momentum shortly after, breaking below key short-term moving averages on the daily charts. Despite this, it found support above the 200-DMA and rebounded, regaining critical moving averages over the past few months. Riding this recovery, the cement stock has surged over 9% in a week, more than 15% in a month, and over 20% in the last three months, according to Trendlyne data.