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 24714.19 Crore) operating in Cement sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1239.99 Crore, down -24.46 % from last quarter Total Income of Rs 1641.53 Crore and up 17.34 % from last year same quarter Total Income of Rs 1056.79 Crore. Company reported net profit after tax of Rs 170.02 Crore in latest quarter.
Investment Rationale
Swift reversal ensures resumption of uptrend; sustenance above 50-day average is likely to keep near-term outlook positive.
Promoter/FII Holdings
Promoters held 42.7 per cent stake in the company as of June 30, 2020, while FIIs held 8.9 per cent, DIIs 24.5 per cent and public and others 24 per cent.
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