Cement prices have seen a jump of Rs 50 per bag. In the coming time, we will see its effect in the shares of cement companies as well. Brokerage firm Anand Rathi expects Ramco Cement shares to do well in the coming months. According to the brokerage, the share price of this company can increase by 25% in the next three months. Let us tell you, during the last one year, the stock of this company has seen a decline of up to 15 percent. The good thing is that the company has been performing well in the last one month and this stock has given returns of up to 9%.
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Share price will go up to Rs 997!
The brokerage expects the next three months to be excellent for this company. The share price of the company can reach Rs 997. Let us tell you, the current share price of the company is Rs 805. The chart pattern is also showing positive as per the research report shared by the brokerage firm. Considering the top loss of Rs 697 as per Anand Rathi report, we can expect good performance during the next three months.
What is the market size of the company?
It is a well known cement company of South India. It is the fifth largest cement company in India in the cement sector. The main business of the company is the production of Port Land Cement. The market capital of the company is more than 19050 crores.