The announcement was made after market hours yesterday, 30 October 2019.

The scrip was currently trading 2.26% higher at Rs 191.95. The stock has traded in the range of Rs 190 and Rs 193.25 so far during the day.

Meanwhile, the S&P BSE Sensex was up 169 points or 0.42% to 40,220.83.

On the BSE, 610 shares were traded in the counter so far compared with average daily volumes of 2,365 shares in the past two weeks.

The stock hit a 52-week high of Rs 241.4 on 02 January 2019. The stock hit a 52-week low of Rs 160 on 06 August 2019.

Ramco Industries manufactures fiber cement (FC) sheets and calcium silicate boards (CSBs). The company's segments are building products, textile and power generation from wind mills.

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Net profit of Ramco Industries rose 39.66% to Rs 50.60 crore in the quarter ended September 2019 as against Rs 36.23 crore during the previous quarter ended September 2018. Sales declined 2.48% to Rs 219.48 crore in the quarter ended September 2019 as against Rs 225.07 crore during the previous quarter ended September 2018.

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Ramco Industries will hold a meeting of the Board of Directors of the Company on 30 October 2019.

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Ramco Industries will hold a meeting of the Board of Directors of the Company on 31 October 2019.

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