Star Cement share price slumps 10% in September so far. Should you buy, sell or hold?
Star Cement share price has declined over 10 per cent in September so far on profit booking at higher levels amid weak market sentiment. The cement stock hit a 52-week high of ₹308.10 on September 2 and has been under pressure since then. On a monthly scale, the stock has declined 10.2 per cent from September 1st to the 29th and is set to end the month with double-digit losses after two consecutive months of gains.
In July, Star Cement shares gained nearly 13 per cent, followed by a 19 per cent jump in August. Year-to-date, the stock is up 11 per cent, while over the last year, the mid-cap cement stock has clocked a gain of 26 per cent.
Is the recent correction in the stock price an opportunity to buy?
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