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#DECCANCE Has Good Fundamentals

Deccan Cements is engaged in the business of Manufacturing of Cement. It is a small company and operates primarily in South India.

The company increased its profits by 3x in 2021 in comparison to 2020 backed by strong operating margins which increased from 14% in 2020 to 23% in 2021.

Technically, the stock price has conquered the previous all-time-highs of 2017 and is looking very strong to head higher. The volume activity also has been phenomenal in the last few months.