BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA downgrades The Ramco Cements to sell
CLSA has downgraded Ramco Cements to "sell" from "outperform" and cut target price to Rs 520 from Rs 550 earlier. Healthy volumes and lower costs offset weak realisations. Ramco Cements has increased prices by 50 per cent in past 12 months. At current prices stock trades at 22 times March 2017 target price.