Ramco Cement has reported 45.60 per cent rise in its net profit at Rs 207.01 crores for the quarter under review as compared to Rs 142.18 crores for the same quarter in the previous year. Total income of the company increased by 13.80 per cent at Rs 1174.15 crores for the quarter under review as compared Rs 1031.73 crores for the corresponding quarter previous year.
Ramco Cement formally known as Madras Cements (MCL) was established in the year 1957 is part of Ramco Group, a well known business group of South India. It is based at Chennai. Ramco Super grade is one of the most popular cement brands in South India.
Ramco Cement share price is currently trading at Rs. 604.00, down by 11.90 points or 1.93 per cent from its previous closing of Rs 615.90 on the NSE.
The share price opened at Rs 590.00 and has touched a high and low of Rs 607.00 and Rs 570.05 respectively. So far 1,56,689 shares were traded on the counter of NSE.
The face value of the share is Rs 1 has touched a 52 week high of Rs 685.35 on 14th October 2016 and a 52 week low of Rs 354.55 on 12th February 2016.
Last one week high and low of Ramco Cements share price stood at Rs 623.80 and Rs 570.00 respectively. The current market cap of the company is Rs 14162.00 crores.
The promoters holding in the company stood at 42.30 per cent, while institutions and non-institutions held 43.48 per cent and 14.22 per cent respectively.
Ramco Cement is one of the multibagger stocks recommended by the research team of Dynamic Levels based on its strong fundamental data and robust performance by the share price. Get the most important support and resistance levels of Ramco Cements at Ramco Cements share price forecast.
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