Recommended stocks on – 04.03.2024
(1) RAMCO CEMENT -
Ø Buy price : 800
Ø Strong Support : 740
Ø Resistance price : 823 - 830 - 844 – 850 - 864
Reasons for Buy Recommended –
Recommended stocks on – 04.03.2024
(2) RAMCO CEMENT -
Ø Buy price : 848 & 818
Ø Strong Support : 787
Ø Resistance price : 864 - 873
Reasons for Buy Recommended –
The company has historically maintained
healthy EBITDA margins, reflecting its operational efficiency and pricing power
in key markets.
The Indian government's increased focus on
infrastructure development through projects like Bharatmala, Sagarmala, and the
Smart Cities Mission will drive demand for cement.Public spending on roads,
highways, and metro rail systems directly benefits companies like Ramco.
Government programs like Pradhan Mantri Awas
Yojana (PMAY) provide a steady demand for cement in rural and semi-urban areas.
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