May 23, 2019 / 6:40 AM / 2 months ago

BUZZ-India's Ramco Cements touches 1-yr high on Q4 profit surge

** Shares of Ramco Cements Ltd up as much as 7% at 820.35 rupees, highest since May 2018

** India’s cement manufacturer posted a 52.3% surge in March-qtr profit to 1.65 bln rupees ($23.7 mln) on Wednesday

** Total revenue rose 21.2%

** Up to last close, shares of Ramco up 19.8% this year, while those of its peers ACC Ltd and J K Cement Ltd have risen 7% and 35.1%, respectively, in the same period ($1 = 69.5800 Indian rupees) (Reporting by Harish Bhaskar in Bengaluru)

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