India's Ramco Cements rises after disputed tax levy dropped

Ramco Cements

04/06/2026 08:27

** Shares of Ramco Cements TRCE.NS 3.2% to 887 rupees 
** Disputed levy of excise duty worth 16 mln rupees ($167,101) on co based on maximum retail price for bagged cement has been dropped 
** Stock set to rise most in a session since April 8
** If gains hold, TRCE on track to snap three weeks of losses
** Avg rating of 29 analysts covering the stock is "hold" and median PT is 946 rupees - data compiled by LSEG
** YTD, TRCE down ~16%

($1 = 95.7500 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))