The Ramco Cement corrects on profit booking

The Ramco Cement fell 2.11% to Rs 222.50 at 14:54 IST on BSE on profit booking after the stock jumped 10.34% in the preceding six trading sessions to Rs 227.30 on 17 April 2014, from a recent low of Rs 206 on 7 April 2014.

Meanwhile, the BSE Sensex was up 149.65 points, or 0.66%, to 22,778.49.

On BSE, so far 10,000 shares were traded in the counter, compared with an average volume of 72,068 shares in the past one quarter.

The stock hit a high of Rs 229.90 and a low of Rs 222 so far during the day. The stock hit a 52-week high of Rs 262.90 on 9 May 2013. The stock hit a 52-week low of Rs 136 on 28 August 2013.

The stock had outperformed the market over the past one month till 17 April 2014, rising 14.86% compared with the Sensex's 3.76% rise. The scrip had also outperformed the market in past one quarter, rising 31.62% as against Sensex's 7.43% rise.

The mid-cap company has an equity capital of Rs 23.80 crore. Face value per share is Re 1.

The Ramco Cements' net profit declined 69.4% to Rs 25.59 crore on 3.7% fall in total income to Rs 870.01 crore in Q3 December 2013 over Q3 December 2012.

South-India based The Ramco Cements (formerly Madras Cements) makes blended cement, ready-mix concrete and dry mortar mix. The company also generates power from windmills.

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