Axis Securities has given a buy call for JK Lakshmi Cement, setting a target price of Rs 950. The current market price of the stock is Rs 827.55.
About JK Lakshmi Cement:
- Incorporated: 1938
- Market Cap: Rs 9981.36 Crore
- Sector: Cement
Key Products and Revenue:
- Cement
- Clinker
- Other Operating Revenue (as of March 31, 2023)
Financial Performance (Q1 FY25):
- Total Income: Rs 1576.96 Crore, a decrease of 12.74% from the previous quarter’s Rs 1807.15 Crore and a 9.44% drop from Rs 1741.38 Crore in the same quarter last year.
- Net Profit: Rs 65.00 Crore
Ownership:
- Promoters: 46.34% (as of June 30, 2024)
- FIIs: 11.34%
- DIIs: 25.33%
JK Lakshmi Cement, a mid-cap company in the cement sector, shows potential for growth despite recent dips in income. Axis Securities sees a promising future for the stock with a target price of Rs 950.
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