'Hold JK Lakshmi Cement, stop loss Rs 60'

In a chat with ET Now, Mithil Pradhan, Market Analyst, talks about the outlook of JK Lakshmi Cemen .

What is your call on JK Lakshmi Cement considering the mood in the cement sector?

JK Lakshmi Cement is suspectedly making a rounding top pattern where it just curves on the upside. This pattern is primarily bearish. Having said that, Rs 60 is a good support for this stock. If somebody wants to accumulate, he can accumulate somewhere near Rs 61-62, keep a stop loss of Rs 60 on a closing basis. If you like to look outside in the cement sector, you should look at ACC. ACC is definitely going up. I have a target of about Rs 1,000 odd levels on this stock.