JM Financial maintains Hold on The Ramco Cements, revises target price to Rs 1,000

JM Financial maintains a Hold call on The Ramco Cements, revising the target price to Rs 1,000. Recent cement price hikes in the South and ongoing deleveraging efforts are near-term catalysts. The company aims to expand capacity and grow its construction chemicals business, but sustained profitability and controlled leverage are crucial for a durable re-rating.