Stock market analysts have maintained ‘buy’ rating on J K Cement Ltd with an intraday target between Rs 197-202.

According to them, interested traders can purchase the stock on dips with a strict stop loss of Rs 185.

Shares of the company, on Wednesday (Feb 17), closed at Rs 191.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 195 and a low of Rs 34.80 on BSE.

Current EPS & P/E ratio of the stock stood at 34.59 & 5.73 respectively.

According to analysts’ estimation, the country’s total cement capacity is expected to surge to 250 million tonne by the coming month.

J K Cement has recorded a growth of 62.15% in its standalone net profit for the three month period ended December 2009.  

For the quarter under review, the profit of the company stood at Rs 464.90 million as against Rs 286.71 million during the corresponding quarter previous year.

Company’s net sales during the quarter surged 18.49% to Rs 4,290.71 million, whereas total income increased by 18.49% to Rs 4,290.73 million.

The company has recorded an EPS of Rs 6.65 per share during the quarter.