Neutral Ramco Industries Ltd For Target Rs. 264 - Sushil Financial
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We had initiated coverage on Ramco Industries Ltd. (RIL) with a Buy rating on December 23, 2019 at Rs.185 for a target price of Rs.264 showcasing an upside of ~42.7%.
With the recent run-up in the share price the stock has met our target price. Hence, we advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.
At current levels, the stock has generated ~42.7% returns from our initial recommendation in December, 2019 at the then prevailing price of Rs.185
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