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Last Updated : Apr 19, 2018 12:05 PM IST | Source: Moneycontrol.com

Buy Ramco Cements, target Rs 1037: SMC Global Securities

"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.

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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.

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SMC Global has a buy on the stock with target of Rs 1037 per share.

Disclaimer: The views and investment tips expressed on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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First Published on Apr 19, 2018 12:05 pm
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