Sell The Ramco Cements, target Rs 775: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on The Ramco Cements Ltd. with a target price of Rs 775. The current market price of The Ramco Cements is Rs 813.25. The time period given by the analyst is Intra Day when The Ramco Cements Ltd. price can reach the defined target.

Bothra recommended to keep stop loss at Rs 835.

The Ramco Cements Ltd., incorporated in 1957, is a largecap company with a market cap of Rs 19516.11 crore.


The Ramco Cements Ltd. key products/revenue segments include cement which contributed Rs 4418.62 crore to sales value (96.80 % of Total Sales), other operating revenue which contributed Rs 82.00 crore to sales value (1.79 % of total sales), Dry Mortar Mix which contributed Rs 28.86 crore to sales value (0.63 % of total sales), clinker which contributed Rs 16.35 crore to sales value (0.35 % of total sales), scrap which contributed Rs 10.79 crore to sales value (0.23 % of total sales) and Ready Mix Concrete which contributed Rs 7.61 crore to sales value (0.16 % of total sales)for the year ending 31-Mar-2017.

The company’s top management includes Justice(Retd)Chitra Venkataraman, Mr.M B N Rao, Mr.M M Venkatachalam, Mr.P R Venketrama Raja, Mr.R S Agarwal. Company has M S Jagannathan & N Krishnaswami as its auditoRs As on 31-03-2018, the company has a total of 235,576,780 shares outstanding.