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Buy NIIT Technologies, PVR, L&TFH and Ramco Cements -
Buy NIIT Technologies, PVR, L&TFH and Ramco Cements
Reliance Securities | Published: 07 Feb, 2018  | Source :


Ramco Cements (RCL) gained ~2% in yesterday’s sell-off markets despite subdued operational performance.

While operational performance was dismal led by cost pressure, a substantial decline in finance costs and impressive sales volume were key positives for 3QFY18.

RCL’s strategy to grow in outside Southern markets started payingoff and commissioning of 3mnT new satellite capacity in next 18 months will furthers aid RCL to improve volumes and profitability.

Moreover, visible change in fuel-mix and 12MW CPP will improve its operating synergy further.

We envisage improved operating efficiency with no meaningful capex would lead to healthy Free Cash Flow (FCF) generation to the tune of Rs22bn through FY18E-FY20E.

We reiterate our fundamental BUY rating on the stock with Target Price of Rs850.

Positional Pick


Fresh long position can be initiated in the range of Rs830-815for the target of Rs930 with a strict stop loss of Rs770.

Intraday Picks


For today’s trade, long position can be initiated in the range of Rs1330-1320for the target of Rs1390 with a strict stop loss of Rs1295.


For today’s trade, long position can be initiated in the range of Rs159-157 forthe target of Rs164-168 with a strict stop loss of Rs155.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.