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Buy Ramco Cements and GAIL; Sell ICICI Bank and TCS

Reliance Securities | 28 Feb, 2018  | Follow Author | Add to my Favourites 
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Intraday Picks

Ramco Cements (RCL) gained over 2% in yesterday’s trade despite selling pressure seen in most of cement counters.

Likely revival of demand scenario in Tamil Nadu market due to easing out of sand issues (led by recent order by the Supreme Court) augurs well for RCL.

While RCL’s strategy of growing in outside Southern markets started paying-off, demand revival in TN market will aid it to save on operational costs and better pricing.

Further, commissioning of 3mnT new satellite capacity in next 18 months is likely to aid RCL to improve volumes and profitability.

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

TCS (LTP: 3042)


For today’s trade, short position can be initiated at 3070-3100 for target of Rs 2895 with a strict stop loss of Rs 3190.

Intraday Picks

GAIL (LTP: 457)


For today’s trade, long position can be initiated at Rs 453-456 for target of Rs 472 with a strict stop loss of Rs 450. Traders are advised to avoid early morning whipsaw.



For today’s trade, short position can be initiated at Rs 325-328 for target of Rs 315 with a strict stop loss of Rs 332. Traders are advised to avoid early morning whipsaw.

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2,816.45 -13.50
2,818.15 -13.20
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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.

For more information please write in to [email protected]

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.


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