"The company has a strong balance sheet, low debt, and optimize operating capacity and management focus is to increase market share which would give a strong growth in the company," says a report by SMC Global Securities.
Moneycontrol News
SMC Global Securities
The Ramco Cements Ltd, formely known as Madras Cements manufactures cement, ready-mix concrete and dry mortar products. The company has a strong balance sheet, low debt, and optimize operating capacity and management focus is to increase market share which would give a strong growth in the company.
Moreover, govt policies are expected to give a big push to the development of roads, highways, flyovers and bridges, Railway Projects, development of smart cities etc.
SMC Global has a buy on the stock with target of Rs 1037 per share.
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