JK Cement Ltd. News and Updates

Name: Latest research reports of JK Cement Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: JK Cement Ltd.
Rating: 3
Author: BOB Capital Markets Ltd.

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JK Cement Ltd.

25 Jan 2024

4935.00

-1.15%

First Light | Hitachi Energy, FY25 Budget Preview, Kotak Mahindra Bank, Axis Bank, Havells India, KEI Industries, JK Cement, Glenmark Life Sciences

Hold: JK Cement Ltd.

Target

BOB Capital Markets Ltd.

POWERIND: In-line quarter but valuations overdone; cut to SELL. FY25 Budget Preview: Focus to remain on consolidation. KMB: NIM intact QoQ; higher provisions dull profits. AXSB: Profits subdued despite strong business growth. HAVL: Slow quarter but summer could bring cheer; maintain BUY. KEII: Decent quarter; maintain HOLD. JKCE: Healthy performance but priced in. GLS: Strong margins make up for subdued revenue growth

JK Cement Ltd. has an average target of 4974.43 from 7 brokers.

JK Cement Ltd.

24 Jan 2024

4935.00

-1.15%

Result Update:J K Cements

Buy: JK Cement Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Number of FII/FPI investors decreased from 249 to 242 in Dec 2024 qtr

JK Cement Ltd.

20 Nov 2023

4935.00

-1.15%

Pick of the Week:20 NOVEMBER 2023

Buy: JK Cement Ltd.

Target

Axis Direct

We recommend a Buy the stock for a target price of Rs 3860 implying an upside of 10% from CMP.

Number of FII/FPI investors decreased from 249 to 242 in Dec 2024 qtr

JK Cement Ltd.

08 Nov 2023

4935.00

-1.15%

Result Update:J K Cements

Buy: JK Cement Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

JK Cement Ltd. is trading above all available SMAs

JK Cement Ltd.

08 Nov 2023

4935.00

-1.15%

JK Cement (HOLD): Healthy performance; positive outlook

Hold: JK Cement Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue grew 20% YoY to Rs 25.7bn as grey cement volumes surged 22% to 3.9mt

JK Cement Ltd. has an average target of 4974.43 from 7 brokers.

JK Cement Ltd.

08 Nov 2023

4935.00

-1.15%

QoQ margin improvement drives upgrade

Buy: JK Cement Ltd.

Target

ICICI Securities Limited

QoQ margin improvement in a seasonally weak Q2 is rare and JK Cement (JKCE) has surprised on this front with >200bps margin jump. As a result, EBITDA in Q2FY24 stood ~12% ahead of estimate at ~INR4.5bn. Calibrating the upbeat in H1FY24 and firm underlying cement prices in key markets of North and South India, we revise up our FY24E EBITDA by ~6% but keep FY25E largely intact.

JK Cement Ltd. is trading above all available SMAs

JK Cement Ltd.

07 Nov 2023

4935.00

-1.15%

Performance improvement continues led by lower cost

Buy: JK Cement Ltd.

Target

Motilal Oswal

Number of FII/FPI investors decreased from 249 to 242 in Dec 2024 qtr

JK Cement Ltd.

28 Aug 2023

4935.00

-1.15%

Axis Annual Analysis:J K Cements

Buy: JK Cement Ltd.

Axis Direct

we assign a BUY rating to the company, with a Target Price (TP) of Rs 3,560/share, suggesting a potential upside of 12% from the current market price (CMP).

Number of FII/FPI investors decreased from 249 to 242 in Dec 2024 qtr

JK Cement Ltd.

17 Aug 2023

4935.00

-1.15%

Good show; bright prospects

Buy: JK Cement Ltd.

ICICI Securities Limited

JK Cement’s (JKCE) Q1FY24 performance stood strong, being one of the few cement companies to report a QoQ margin improvement of ~170bps (EBITDA stood 15% ahead of estimates). We see scope for further margin improvement owing to near-term benefits of a) incentives from the new Panna unit (in Madhya Pradesh)