Ramco Industries Opens Strong with 7.23% Gain, Signaling Potential Trend Reversal
Ramco Industries, a small-cap construction materials company, experienced notable activity today, reversing a two-day decline with a 7.23% gain. The stock outperformed its sector and showed a 5.03% increase compared to the Sensex. However, its monthly performance remains subdued relative to broader market trends.
Ramco Industries, a small-cap player in the construction materials sector, has shown significant activity today, opening with a gain of 7.23%. This uptick marks a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 244, outperforming its sector by 0.87%. In terms of performance metrics, Ramco Industries recorded a 5.03% increase today, compared to the Sensex's 3.47%. However, over the past month, the stock has only gained 2.77%, while the Sensex has risen by 9.38%.
From a technical perspective, the stock's moving averages are currently higher than the 5-day, 20-day, and 50-day averages, but remain below the 100-day and 200-day averages. The MACD indicates a bearish trend on a weekly basis, while the monthly outlook is mildly bearish. Additionally, the stock has a beta of 1.35, suggesting it tends to experience larger fluctuations compared to the broader market.
Overall, Ramco Industries is navigating a complex landscape within the construction materials sector, which has gained 4.16% today.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
