You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Ramky Infra soars 41% in five sessions

Capital Market 

Ramky Infrastructure hit an upper circuit limit of 20% at Rs 210.05, extending gains for the fifth trading session.

Shares of Ramky Infrastructure have surged 41.16% in five consecutive trading session from their recent closing low of Rs 148.80 hit on 1 December 2021.

On a year-to-date (YTD) basis, the stock has surged 376.84% while the benchmark Sensex has added 27.27% during the same period.

On the technical front, the stock's RSI (relative strength index) stood at 93.29. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 164.87, 157.57 and 152.36, respectively.

On a consolidated basis, Ramky Infrastructure reported net profit of Rs 48.43 crore in Q2 September 2021 as against net loss of Rs 40.83 crore in Q2 September 2020. Net sales rose 44.75% to Rs 258.77 crore in Q2 September 2021 over Q2 September 2020.

Ramky Infrastructure is an integrated construction, infrastructure development and management company in India.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 07 2021. 14:14 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU