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Stock of the day : Ramco Cements Ltd For Target Rs. 900 - Religare Broking Ramco Cements Ltd  * After being in a corrective phase for past many months, the stock is now showing signs of reversal. * It rebounded from the support of its rising trend line and created a base with above-average volumes suggesting accumulation in the stock. * It has now registered a breakout from the same while reclaiming its 200 day EMA. * We believe the stock to inch higher and hence fresh longs can be created in the mentioned range. Buy&...
Stock of the day : Ramco Cements Ltd For Target Rs. 900 - Religare Broking
Stock of the day : Ramco Cements Ltd For Target Rs. 900 - Religare Broking
Source: Religare Broking Ltd
2024-09-06 11:08:07 am
India Cements posts wider Q1 loss as subdued demand adds to pricing woes India Cements, in which market leader UltraTech Cement is taking majority control, posted a bigger first-quarter adjusted loss on Friday, hurt by subdued demand. The South India-focused company's loss before exceptional items and tax increased to 1.62 billion rupees ($19.3 million) in the quarter, from 989.1 million rupees a year ago. The company said the latest quarter included an exceptional income of 2.41 billion rupees from the sale of a grinding unit. Excluding that, India C...
India Cements posts wider Q1 loss as subdued demand adds to pricing woes
India Cements posts wider Q1 loss as subdued demand adds to pricing woes
Source: Reuters
2024-08-09 01:44:13 pm
Ramco Cements surges despite reporting 51% fall in Q1 consolidated net profit The Ramco Cements is currently trading at Rs. 826.30, up by 26.10 points or 3.26% from its previous closing of Rs. 800.20 on the BSE. The scrip opened at Rs. 788.25 and has touched a high and low of Rs. 827.50 and Rs. 785.65 respectively. So far 67943 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1057.85 on 14-Dec-2023 and a 52 week low of Rs. 700.00 on 04-Jun-2024. Last one week high and low of the scrip stoo...
Ramco Cements surges despite reporting 51% fall in Q1 consolidated net profit
Ramco Cements surges despite reporting 51% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-26 02:38:34 pm
Reduce Ramco Cement Ltd. For Target Rs.874 By Centrum Broking The Ramco Cement Ltd (TRCL) reported marginally weak set of results as reported revenue/EBITDA came in 4%/3% below estimate. Cement volumes at 3.97mn mt came in 6% below our estimate owing to rains/floods in key markets of the company. Bigger surprise was on capex front wherein the company upgraded capex guidance for FY24 once again and kept capex intensity for FY25 also higher at Rs17.5bn. Strong volume growth exhibited by the company over the past 6-7 quarters is li...
Reduce Ramco Cement Ltd. For Target Rs.874 By Centrum Broking
Reduce Ramco Cement Ltd. For Target Rs.874 By Centrum Broking
Source: Centrum Broking Ltd
2024-03-30 10:46:27 am
ADD The Ramco Cements Ltd For Target Rs. 1,000 - Choice Broking The Ramco Cements Ltd. Q3FY24 volumes came at 4.0mnt, down 13.2% QoQ but up 11.1% YoY. The QoQ demand for cement was affected due to heavy rainfall and flooding due to cyclones in Tamil Nadu and Andhra Pradesh. Management expects volume for Q4 to be ~5mnt. During Q3FY24, revenue came at INR21,061mn, down 9.6% QoQ but up 4.8 YoY. Consequently, blended realization/t during the quarter came in at INR5,265, up 4.2% QoQ but down 5.6% YoY, the cement prices are under pressure during Q2. EBITDA/t ca...
ADD The Ramco Cements Ltd For Target Rs. 1,000 - Choice Broking
ADD The Ramco Cements Ltd For Target Rs. 1,000 - Choice Broking
Source: Choice Broking
2024-02-10 03:32:41 pm
Buy Ramco Cements Ltd For Target Rs.1,170 - Religare Broking Ltd Mixed top-line growth: Ramco Cements Q3FY24 numbers were below expectation with revenue at Rs 2,110.9cr, higher by 4.9% YoY driven by volume growth of 9.9% YoY of 4mn tons while realization declined by 4.5% QoQ to Rs 5,277/ton. However, sequentially, revenue declined by 9.8%, led by de-growth in volumes by 13.2% while realization grew by 3.9% QoQ. Demand remains impacted which eventually squeezed volume growth due to extreme heavy rainfall and the subsequent flooding as the cyclone, Michau...
Buy Ramco Cements Ltd For Target Rs.1,170 - Religare Broking Ltd
Buy Ramco Cements Ltd For Target Rs.1,170 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-02-10 10:56:30 am
India`s Ramco Cements misses Q3 profit view on soft demand, weak regional prices Ramco Cements missed analysts' estimates for third-quarter profit on Thursday, dragged by softer demand and weak prices, especially in its core market in south India. The cement maker's standalone net profit after tax rose 39% to 933.8 million rupees ($11.3 million) for the quarter ended Dec. 31, but fell short of analysts' consensus expectations of 1.12 billion rupees, as per LSEG data. Heavy rainfall in Tamil Nadu state due to cyclone Michaung and Telangana state polls hin...
India`s Ramco Cements misses Q3 profit view on soft demand, weak regional prices
India`s Ramco Cements misses Q3 profit view on soft demand, weak regional prices
Source: Reuters
2024-02-09 10:20:32 am
Ramco Cements surges on boosting clinkerisation capacity of Kolimigundla Cement Plant Ramco Cements is currently trading at Rs. 1029.00, up by 10.30 points or 1.01% from its previous closing of Rs. 1018.70 on the BSE. The scrip opened at Rs. 1019.85 and has touched a high and low of Rs. 1029.50 and Rs. 1019.85 respectively. So far 3106 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1049.15 on 05-Dec-2023 and a 52 week low of Rs. 636.15 on 30-Jan-2023. Last one week high and low of the scrip stoo...
Ramco Cements surges on boosting clinkerisation capacity of Kolimigundla Cement Plant
Ramco Cements surges on boosting clinkerisation capacity of Kolimigundla Cement Plant
Source: Accord Fintech
2023-12-11 01:00:51 pm
Hold Ramco Cements Ltd For Target Rs.990 - Emkay Global Financial Services Ltd The Ramco Cements reported healthy operational performance in Q2FY24, with EBITDA coming 21-22% higher than Street/our estimates. EBITDA increased 2x YoY/17% QoQ to Rs4bn, with EBITDA/t of Rs865. Volume growth of 39% YoY was robust at 4.6mt (Emkay est: 4.2mt). Overall cost/t declined 14% YoY/5% QoQ to Rs4,188, with the major part of savings owing to lower RM+P&F costs (down Rs201/t QoQ). Net debt further increased by Rs6bn QoQ to Rs50bn, as capex intensity saw a significant rise in H1FY24...
Hold Ramco Cements Ltd For Target Rs.990 - Emkay Global Financial Services Ltd
Hold Ramco Cements Ltd For Target Rs.990 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2023-11-26 10:07:28 am
India's Ramco Cements beats Q2 profit view as demand outpaces higher costs  India's Ramco Cements on Thursday soared past second-quarter profit estimates as strong housing sales and resilient infrastructure spending outpaced higher expenses. Net profit after tax grew nearly nine times to 1.01 billion rupees ($12.1 million) for the quarter ended Sept. 30, and was well above analysts' expectations of 794 million rupees, as per LSEG data. Strong real estate sales, buoyant government spending ahead of elections this year and next, and the weakest mons...
India's Ramco Cements beats Q2 profit view as demand outpaces higher costs
India's Ramco Cements beats Q2 profit view as demand outpaces higher costs
Source: Reuters
2023-11-09 03:32:06 pm