As part of its ongoing monetization drive, the company announced the sale of non-core assets on Saturday. The deal is worth ₹24.05 crore, including ₹19.77 crore from divesting equity holdings and ₹4.28 crore from selling company-owned land.

Technically, the stock is showing strong momentum and could see short-term upside despite concerns over its long-term fundamentals.

Ramco Cements stock recently broke above a key resistance level at ₹1,070. It has since tested highs near ₹1,140, signaling renewed strength and buying interest, SEBI-registered analyst Vijay Kumar Gupta observed.

This breakout is supported by rising institutional participation and positive sentiment across the cement sector, especially with expectations of volume growth and upcoming price hikes.

From a technical perspective, Ramco Cements is trading above its key moving averages, reinforcing the short-term uptrend, the analyst added. The stock is likely to see support at ₹1,070 and resistance at the ₹1,140 - ₹1,150 zone.

If it breaks and sustains beyond the resistance, the rally could take it beyond ₹1,175 in the short term. At the time of writing, the shares pared early gains and were trading at ₹1,141.

From a fundamental perspective, despite underwhelming Q4 results marked by a sharp decline in net profit, investors appear to be pricing in a recovery, aided by demand revival in southern India and the potential for capacity ramp-ups in the near term.

Retail sentiment on Stocktwits turned ‘bullish’ from ‘neutral’ a week ago, amid ‘high’ message volumes. The stock was among the top 10 most trending stocks on the platform.