Buy The Ramco Cements, target price Rs 765: Yes Securities

Yes Securities has buy call on The Ramco Cements with a target price of Rs 765. The current market price of The Ramco Cements is Rs 673.1. 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 15898.93 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 31-03-2022, the company reported a Consolidated Total Income of Rs 1722.68 Crore, up 10.52 % from last quarter Total Income of Rs 1558.69 Crore and up 4.94 % from last year same quarter Total Income of Rs 1641.53 Crore. Company reported net profit after tax of Rs 123.25 Crore in latest quarter.

Investment Rationale
After bullish anchor column, follow-through and sustenance above 10-column average is a positive

Promoter/FII Holdings
Promoters held 42.33 per cent stake in the company as of 31-Mar-2022, while FIIs owned 7.63 per cent, DIIs 32.63 per cent.