NDTV Profit

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Change Change %
4.45 0.54%

Updated:19 Apr, 2018, 15:53 PM IST

Change Change %
4.20 0.51%

Updated:19 Apr, 2018, 16:01 PM IST

Research Report Detail

Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
31-08-2017 Buy 696.20 760.00
Target Hit Long (1Y)

Reliance Securities maintains buy on Ramco Cements

Though 2QFY18 result is expected to be subdued owing to seasonal effects, RCL is expected to deliver better profitability in ensuing quarters with the visible reduction in debts and better operating synergies. We believe that a possible uptick in utilization backed by improvement in southern consumption, sound profitability, consistent balance sheet de-leveraging (reduced debt by Rs6.9bn in FY17), and strong brand equity will aid RCL to reshape its growth, going forward.

Moreover, visible change in fuel-mix and 12MW new CPP will improve its operating synergy further.

We envisage improved operating efficiency with no meaningful capex would lead to healthy Free Cash Flow (FCF) generation to the tune of Rs20bn over next two years.

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