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Citi projects the Nifty 50 to reach 25,000 by September 2025, reflecting a potential seven percent upside from current levels. Following a 10 percent correction, the brokerage finds valuations reasonable, noting that while consumer sector earnings were weak, financials, industrials, healthcare, and telecom experienced solid growth. Ramco Cements has been added to Citi's mid-cap picks, while Devyani International has been removed.
Ramco Cements reported strong standalone revenue driven by higher sales volumes and improved operational profitability due to reduced power and fuel costs. The company aims for a capacity target of 30 mtpa by FY2026, with a capex guidance of Rs. 1,200 crore for FY2025. Sharekhan maintains a BUY rating with a revised target price of Rs. 1,060, citing strong cost competitiveness and future capacity expansions.
The Ramco Cements Limited
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Citi projects Nifty 50 to reach 25000 by September 2025
05:49 21.11.2024
Ramco Cements maintains buy rating with target price of Rs 1060
10:04 14.11.2024
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