India's Ramco Cements touches 1-yr high on Q4 profit surge

J K Cement

23/05/2019 07:37

** Shares of Ramco Cements Ltd  TRCE.NS  up as much as 7% at
820.35 rupees, highest since May 2018
    ** India's cement manufacturer posted a 52.3% surge in
March-qtr profit to 1.65 bln rupees ($23.7 mln) on Wednesday
 urn:newsml:reuters.com:*:nFWN22X0UD
    ** Total revenue rose 21.2% 
    ** Up to last close, shares of Ramco up 19.8% this year,
while those of its peers ACC Ltd  ACC.NS  and J K Cement Ltd
 JKCE.NS  have risen 7% and 35.1%, respectively, in the same
period

($1 = 69.5800 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))