The stock has not been able to breach the crucial resistance of 322 since 1999, pretty strange.
but now the the stock ha rallied past that level with good momentum enforcing further trust in the stock
The stock is also trading below it's book value of 488 again a pretty strange yet interesting opportunity.
It is Part of the Chennai-based Ramco Group;
Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.
The company operates through 10 manufacturing plants for Building Products with a combined production capacity of 10,00,000 TPA
The company's profits and sales have also skyrocketed
but now the the stock ha rallied past that level with good momentum enforcing further trust in the stock
The stock is also trading below it's book value of 488 again a pretty strange yet interesting opportunity.
It is Part of the Chennai-based Ramco Group;
Ramco Industries Ltd. is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). Company is also engaged in the spinning of cotton yarn; sale of surplus electricity generated from its windmills and computer software.
The company operates through 10 manufacturing plants for Building Products with a combined production capacity of 10,00,000 TPA
The company's profits and sales have also skyrocketed
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.