Buy Ramco Cements, target price Rs 960: ICICI Securities
ICICI Securities has a buy call on Ramco Cements with a target price of Rs 960. The current market price of Ramco Cements is Rs 930.55. The t Time period given by the analyst is a week when The Ramco Cements Ltd. price can reach defined target. ICICI Securities recommended to keep stoploss at Rs 869.9. The Ramco Cements Ltd, incorporated in 1957, is a Large Cap company with a market cap of Rs 21942.11 crore, operating in the cement sector.
Ramco Cements' key products/revenue segments include Cement, Dry Mortar Mix, Scrap, Ready Mix Concrete, Power and Other Operating Revenue for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 2053.94 crore, down -2.27% from last quarter Total Income of Rs 2101.65 crore and down -12.68 % from last year same quarter Total Income of Rs 2352.09 crore. The company has reported net profit after tax of Rs 25.32 crore in the latest quarter.
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