Ramco Industries share price moved higher by 8.8 per cent after the company recently reported a net profit at Rs.10.85 cr for the quarter ended September 30, 2016. The firm engaged in construction materials business had reported a net loss of Rs.1.04 cr in the same quarter last fiscal.
The total income from operations rose 14 per cent to Rs.164 cr as compared to Rs.144 cr in the corresponding quarter of previous fiscal. For the first 6 months (from April to September) of the current financial year 2016-17, Ramco Industries posted profit of Rs.41 cr against Rs.6 cr in the same period last year.
Ramco Industries share price closed trading nearly 9 per cent up at Rs.184.35, after hitting an intraday high of Rs.187 and intraday low of Rs.163.05. The trading volumes on the NSE counter stood at 5,01,092 having a traded value of Rs. 877.71 lacs. From a previous closing of Rs. 168.75, the stock today opened at Rs.170.50. The lower price band of the stock read at Rs.135 while the upper price band was recorded at Rs.202.50.
The market cap of Ramco Industries amounts to Rs. 1462.44 (Cr) while the book value stands at 90.36. The one-month return percentage stands at -38.18. The average volume of 20 days of the scrip reads at 273270 shares.
Out of the Top 500 Shares, Ramco Industries is one of the Multibagger Stocks, identified by Dynamic Levels Researchers and stock analysts. The stock can be a great investment opportunity which can give you high return. The scrip is a well analysed multibagger stock, based on Dynamic Levels’ technical and fundamental research, traded in very high volumes.
To seek other information on the resistance and support levels of the scrip and also to know more about financials and fundamentals of the stock, please pay a visit to Ramco Industries share price history.
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