India's Ramco Cements slips after Q1 profit drop

Ramco Cements

07/08/2023 10:48

** Shares of India's Ramco Cements  TRCE.NS  down as much as
4.06% at 841 rupees, lowest since May 22 
    ** Co posts sharpest intraday slide since Jan. 27 after Q1
profit dropped about 30% to 789.1 million rupees ($9.54 million)
    ** More than 1.4 mln shares changed hands by 3:05 p.m. IST,
3.4X 30-day avg  
    ** Average rating of 30 analysts covering the stock is
"hold", median TP 850 rupees - Refinitiv 
    ** YTD stock had risen 24% 


($1 = 82.7200 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))