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Prefer Ramco Ind, stock looks positive: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments is of the view that Ramco Industries looks positive and may hit Rs 200 in 2-3 years.

August 04, 2015 / 14:55 IST
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CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "Ramco Industries is a conglomerate play. It is into building product, textile and windmills. Ramco industries today is trading at a market capitalisation of Rs 900 crore and if I see the cash flow from operating activities, there is a huge rise in cash flow from operating activities which shows there is lot of cash profits available in the company.""The stock technically is trading at its all-time high and has broken multiyear resistance which was seen at Rs 103-104 range. I see lot of delivery based volume happening in last two or three days. Technically this stock looks very positive and again for a time period of at least two to three years Rs 200 is very low price," he added.Disclosure: Analyst does have holdings on Ramco Industries and has also recommended to few of his clients.

first published: Aug 4, 2015 02:55 pm

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