Shares of Ramco Cements can give tremendous returns. Domestic brokerage house Anand Rathi says that Ramco Cements shares are on strong support and this stock can be bought in 3 months with a target of Rs 997. That is, from the current price of Rs 805, the stock of the cement company can jump by about 25 percent. Shares of Ramco Cements have given returns of around 9 per cent to investors in the last one month.
Shares of Ramco Cements may go up to Rs 997
Shares of Ramco Cements have been in the consolidation phase for the past one year. The company’s shares have fallen more than 15 per cent in the past one year. However, the company’s shares have risen in the past one month. Brokerage house Anand Rathi has said in its research report that the chart pattern of Ramco Cements shares shows that the stock gave a turnaround at these levels and went up to the level of Rs 1100. The daily chart of the stock is showing a Bullish BAT pattern, which looks attractive for positional investments. Anand Rathi has said in his report that this cement stock can be bought, the stock will have to maintain a stop loss at Rs 697. The brokerage house says that this stock can go up to Rs 997 in the next 3 months.
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Ramco Cements has given a return of over 4,000 per cent
Ramco Cements shares have given strong returns. The shares of the company were at a level of Rs 16.71 on the National Stock Exchange (NSE) on 25 April 2003. The shares of the company have closed at Rs 805 level on 20 April 2022. The shares of the company have given returns of over 4,000 per cent. If an investor had invested Rs 1 lakh in the shares of the company on April 25, 2003 and maintained his investment, the amount would have been much more than Rs 48 lakh at present. Ramco Cements is the flagship company of Ramco Group. It is the fifth largest cement producer company in the country. The main product of the company is Portland Cement.
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