Kesoram remains in limelight

Kesoram Industries has been on the surge since yesterday. Today too, it currently remains the top gainer on the BSE and has briefly skimmed the UC.

Trading volumes surged far above recent averages, with over 15 lakh shares changing hands against a two-week average of just 1.33 lakh, indicating speculative accumulation as well as selective bottom-fishing at depressed valuations. The stock currently trades more than 90% above its 52-week low of Rs.2.94, though it remains significantly below its yearly high of Rs.11.09, highlighting that the move is still a recovery play rather than a structural re-rating.

Market participants attribute the spike to a combination of technical breakout, micro-cap rotation and renewed interest in beaten-down cement names, as investors position themselves ahead of the infrastructure-heavy spending cycle and improving demand outlook in core regions. The sharp rise also appears to follow a phase of extended consolidation, where selling pressure had largely exhausted and even marginal buying momentum translated into outsized price movement due to thin liquidity.

This move stands out against an otherwise mixed sector backdrop, where performance divergence remains wide, suggesting the rally is more sentiment-driven than sector-led. Trading volumes surged sharply, indicating renewed speculative and tactical positioning, particularly as the stock rebounds from deeply oversold levels.

While the company’s market capitalisation places it among the smaller peers in the cement ecosystem, its current price action reflects a classic micro-cap re-rating attempt, where limited float and thin liquidity amplify momentum. The contrast between strong near-term traction and longer-term operational challenges reinforces the complexity of the narrative, as the stock continues to trade well below historical highs despite the sharp uptick.

The upper circuit lock and sustained demand signal heightened short-term optimism, but durability of this momentum will hinge on whether trading activity transitions into consistent follow-through or fades back into consolidation. As such, Kesoram’s recent surge positions it as a key stock to track within the cement sector, offering a live barometer of risk appetite in beaten-down construction-linked names while underscoring the importance of aligning technical strength with fundamental progression.