Ramco Cement Break Out Strong Is This the Start of a New Rally ?

📉Technical View:

Ramco Cement Limited has formed a beautiful ascending triangle pattern with a strong resistance zone at ₹1080–₹1130, tested since 2021. Today, it broke out and hit a new all-time high of ₹1152, now hovering around ₹1140.

If the breakout holds, we may see:

🎯Target 1: ₹1200

🎯Target 2: ₹1240

🎯Target 3: ₹1300

If the stock falls back below ₹1030, the breakout becomes invalid.

💰Q4 FY24 Financial Highlights (vs Q3 FY24 & Q4 FY23)

• Total Income: ₹2397 Cr (↑+21% vs ₹1983 Cr; ↓–10% vs ₹2678 Cr)
  
• Total Expenses: ₹2078 Cr (↑+93% vs ₹1074 Cr; ↓–8% vs ₹2259 Cr)
  
• Operating Profits: ₹319 Cr (↑+14% vs ₹279 Cr; ↓–24% vs ₹419 Cr)
  
• Profit Before Tax: ₹46 Cr (↓–76% vs ₹191 Cr; ↓–74% vs ₹175 Cr)
  
• Profit After Tax: ₹26 Cr (↓–86% vs ₹182 Cr; ↓–80% vs ₹129 Cr)
  
• Diluted EPS: ₹1.16 (↓–85% vs ₹7.72; ↓–79% vs ₹5.46)
  

🧾Despite strong revenue growth and higher operating profits sequentially, sharp cost escalations impacted margins in Q4.

📈Fundamentals & Dividend Insights:

✅ Company continues with capacity expansion in East & South India.

✅ Focus on green energy & cost optimization to improve margin outlook.

💸 Dividend Declared (May 2025): ₹3.50 per share

📝Final Word:

The breakout on charts is significant and supported by top-line improvement. If sustained, the stock may offer strong upside potential, making Ramco Cement one to watch closely.