There is a technical overhang on the UltraTech Cement stock. The last three-four trading sessions, the stock has corrected by nearly around 4 percent. The stock went to around Rs 4,250, from there it has seen some selling. One of its promoters, that is Pilani Investment, has sold some shares. They have reported it on the exchanges in two days – on August 19 and August 20 – sold nearly around 1.8 lakh shares.

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CNBC-TV18’s Nigel D’Souza explains what’s afoot in UltraTech Cement stock.

Watch this video for details.

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First Published:Aug 27, 2020 11:22 PM IST