The Ramco Cements advances after three bulk deals

The Ramco Cements rose 1.87% to Rs 226.20 at 13:51 IST on BSE after 0.26% equity changed hands in three bulk deals on BSE today, 16 April 2014.

First bulk deal of 3.21 lakh shares was executed on The Ramco Cements counter at Rs 228.10 per share at 10:38 IST on BSE today, 16 April 2014. Second bulk deal of 2 lakh shares was executed on the scrip at Rs 225.30 per share at 10:54 IST on BSE today, 16 April 2014. Third bulk deal of 1 lakh shares was executed on the counter at Rs 225 per share at 11:20 IST on BSE today, 16 April 2014.

Meanwhile, the S&P BSE Sensex was down 157.27 points or 0.7% at 22,327.66

On BSE, so far 6.34 lakh shares were traded in the counter as against average daily volume of 44,014 shares in the past one quarter.

The stock hit a high of Rs 229 and a low of Rs 222 so far during the day. The stock had hit a 52-week high of Rs 262.90 on 9 May 2013. The stock had hit a 52-week low of Rs 136 on 28 August 2013.

The stock had outperformed the market over the past one month till 15 April 2014, gaining 12.2% compared with the Sensex's 3.10% rise. The scrip had also outperformed the market in past one quarter, surging 29.55% as against Sensex's 5.62% rise.

The mid-cap cement company has 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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