India Cements shares rise 8% on renewable energy investment

India Cements shares jumped nearly 8% after announcing a ₹20 crore equity investment to acquire a 3.62% stake in Zenataris Renewable Energy.

The investment will supply 11 MW of hybrid renewable energy to the company's cement plants, aimed at optimizing power costs and meeting regulatory requirements.

Despite the stock jump, analysts view the current movement as a short-term pullback within a broader downtrend, suggesting caution until key technical levels are breached.