Citi has upgraded its rating on Ramco Cements from sell to buy, increasing the target price from ₹750 to ₹1,050, indicating a positive outlook on the company’s cost management and market mix strategy. The current market price (CMP) is ₹909.80.
The brokerage highlights that Ramco Cements’ EBITDA per ton is holding up well due to better cost controls, and the company seems to be effectively balancing its market mix and expenses. Citi further notes that Ramco Cements’ strategic growth plans are supporting its operational performance, with an enterprise value per ton (EV/t) of $115 providing valuation support.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
