HDFC Securities maintains a 'buy' on JK Lakshmi with a potential upside of over 48%
Updated: 03 Aug 2022, 11:26 AM IST
TL;DR.JK Lakshmi Cement Ltd. reported a 15.49 per cent decline in its consolidated net profit of ₹115.07 for the first quarter ended June. Its total expenses stood at ₹1,489.10 crore, up 28.6 per cent in Q1FY23 compared to ₹1,157.88 crore.
Over the last 3 years, the stock has given decent returns to its shareholders, with 40% gains, and in the last month, it rallied 10% and 2.49% in a week.