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Buy Ramco Cements, price target Rs 900: Gaurav Bissa

The analyst suggested a stoploss at Rs 795.

ETMarkets.com|
Last Updated: Jan 16, 2020, 11.48 AM IST
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The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 19428.02 Crore) operating in Cement sector.
Gaurav Bissa of LKP Securities has a buy call on Ramco Cements Ltd. with a target price of Rs 900.0 . The current price of Ramco Cements Ltd. is Rs 824.85 . Gaurav Bissa recommended to keep a stoploss at Rs 795 .

Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 19428.02 Crore) operating in Cement sector.

Ramco Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 5014.51 Crore to Sales Value (97.43 % of Total Sales), Other Operating Revenue which contributed Rs 74.40 Crore to Sales Value (1.44 % of Total Sales), Dry Mortar Mix which contributed Rs 29.72 Crore to Sales Value (0.57 % of Total Sales), Ready Mix Concrete which contributed Rs 15.97 Crore to Sales Value (0.31 % of Total Sales), Scrap which contributed Rs 11.63 Crore to Sales Value (0.22 % of Total Sales) and Clinker which contributed Rs .04 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1282.35 Crore, unchanged .00 % from last quarter Sales of Rs Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 170.10 Crore in latest quarter.

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 Ramakrishna Raja & Co. as its auditoRs As on 30-09-2019, the company has a total of 235,576,780 shares outstanding.

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