Posted On: September 27, 2023

Stock Report: RAMCOCEM(NSE) 26 Sep 2023

Outlook: Bullish

Sector: Basic Materials

Industry: Building Materials

Ramco Cements Ltd, part of Ramco Group, is a producer of Portland cement. The company owns grinding units and packing terminals, as well as integrated cement plants. Its cement is sold under the Ramco Supergrade brand in India. Other products include ready-mix concrete and dry-mortar products. Ramco Cements also operates wind farms in India. 

#xCalData predicts that # RAMCOCEM will continue its bullish phase over the next five days and trend within the range of 892 to 1005. 

In comparison to the previous month, the price of the stock has experienced an increase of 8.22% indicating a bullish.  

The Stock has doubled twice since 27 Mar 2015 and took an average of 3.2 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely RVI indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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