JK Lakshmi Cement

JK Lakshmi Cement, Force Motors Declare Strong Q2 Results

JK Lakshmi Cement, Force Motors Declare Strong Q2 ResultsJK Lakshmi Cement reported strong performance during second quarter of current financial year. The stock was trading 5 per cent higher and touched 52-week high in today's trade. The company reported Q2 net profit at Rs 50 crore compared to Rs 6.5 crore during same quarter last year. Sales were higher at Rs 491 crore compared to Rs 354 crore. ACC and UltraTechCement were marginally higher while Ambuja Cements was trading lower.

JK Lakshmi Cement Ltd. Long Term Buy Call

JK Lakshmi Cement LtdCement stocks are trading in a narrow range over the last few quarters mainly on account of concerns over Demand – Supply mismatch. However in this report, we focus on the three stocks that offer potential upside in terms of their valuations despite current concerns over the negative industrial scenario.

As on today, these companies are in better financial state as compared to the previous down cycle. Even though having same profitability and return ratios, these companies are trading at almost 50-60% discount to peers making them attractive in current industrial scenario.

Intraday Buy Call For JK Lakshmi Cement

Intraday Buy Call For JK Lakshmi CementStock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on JK Lakshmi Cement Ltd stock with target of Rs 70.

According to analyst, the investors can buy the stock stop loss of Rs 63.

The stock of the company, on July 01, closed at Rs 67.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 84.85 and a low of Rs 51.50 on BSE.

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