Ramco Cements reports 28% growth in Q3FY17 net profit
Ramco Cements has reported results for third quarter ended December 31, 2016.
The company has reported 28.35% rise in its net profit at Rs 151.88 crore for the quarter under review as compared to Rs 118.33 crore for the same quarter in the previous year. Total income of the company increased by 18.04% at Rs 1113.14 crore for the quarter under review as compared to Rs 943.04 crore for the corresponding quarter previous year.
Technical Levels of Ramco Cement
Support at 670 and Resistance at 725—730
If unable to breach its support level of 670 then we can expect upside rally till 725—730. Further upside rally will see above 730 mark.
Looks weak below 670 on closing basis
More will update soon!!
