Ramco Cements share price: Buy The Ramco Cements, target price Rs 1115: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Ltd. with a target price of Rs 1115.0. The current market price of The Ramco Cements Ltd. is Rs 1066.1. Time period given by analyst is Intra Day when The Ramco Cements Ltd. price can reach defined target.

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 25168.62 Crore) operating in Cement sector.

The Ramco Cements Ltd. key Products/Revenue Segments include Cement, Power, Dry Mortar Mix, Scrap, Ready Mix Concrete and Other Operating Revenue for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1510.33 Crore, up 21.80 % from last quarter Total Income of Rs 1239.99 Crore and up 18.60 % from last year same quarter Total Income of Rs 1273.47 Crore. Company has reported net profit after tax of Rs 519.12 Crore in latest quarter.

Investment Rationale
Making higher highs from four sessions gave a price volume breakout on weekly frame.

Promoter/FII Holdings
Promoters held 42.52 per cent stake in the company as of 30-Sep-2021, while FIIs owned 8.71 per cent, DIIs 31.68 per cent.

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