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JK Lakshmi Cement stock gains over 105% in nine months

JK Lakshmi Cement's shares have risen 107% from their 52-week low of Rupees 366.2 to the current position of Rupees 755.

The stock has seen gains in five of the last seven months, with November being the best month with a rally of over 29%.

JK Lakshmi's net profit increased 25.43% YoY to Rupees 74 crore in the December quarter.


Operating expenses soared by 29% to 1,329 crore during the quarter.

Capacity utilization stood at 77% and is expected to increase to 85% in the upcoming quarter.


Domestic brokerages remain bullish on the stock, with Motilal Oswal maintaining its 'buy' rating and Axis Securities raising its target price to Rupees 840/share.

 The company has increased its focus on value-added products to enter into high-growth products.

18 analysts polled by MintGenie on average have a 'buy' call on the stock.

Click here to know more about JK Lakshmi cement stocks.

JK Lakshmi Cement stock gains over 105% in nine months; what to do next?

In its latest December quarter earnings, the company reported a mixed performance, with higher fuel and power costs impacting profits, however, the overall numbers being positive. Domestic brokerage firms remained bullish on the stock following the company's performance in the third quarter. Motilal Oswal said the company's operating performance was in line with their estimates.

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JK Lakshmi Cement stock gains over 105% in nine months; what to do next?

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