JK LAKSHMI CEMENT SHARE PRICE
![Buy JK Lakshmi Cement, target price Rs 1015: HDFC Securities](https://img.etimg.com/thumb/msid-111474741,width-100,height-75,resizemode-4/markets/stocks/recos/buy-jk-lakshmi-cement-target-price-rs-1015-hdfc-securities.jpg)
Buy JK Lakshmi Cement, target price Rs 1015: HDFC Securities
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 10346.73 Crore) operating in Cement sector.
![Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action](https://img.etimg.com/thumb/msid-111335375,width-100,height-75,resizemode-4/markets/stocks/news/consolidation-push-to-continue-as-key-raw-material-gets-scarce-11-small-cap-cement-stocks-which-fit-the-bill-and-may-see-some-action.jpg)
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
![Cement stocks rally up to 17% as UltraTech’s Rs 1,800-crore deal cheers investors](https://img.etimg.com/thumb/msid-111307607,width-100,height-75,resizemode-4/markets/stocks/news/cement-stocks-rally-up-to-17-as-ultratechs-rs-1800-crore-deal-cheers-investors.jpg)
Cement stocks rally up to 17% as UltraTech’s Rs 1,800-crore deal cheers investors
Shares of cement companies soared up to 17% on the BSE, driven by UltraTech Cement's acquisition of a non-controlling stake in India Cements via a block deal. India Cements surged 17% to Rs 299, crossing a $1 billion market capitalization for the first time. UltraTech Cement rose 6.5% to Rs 11,876.
![Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni](https://img.etimg.com/thumb/msid-111284429,width-100,height-75,resizemode-4/markets/expert-view/strong-demand-in-cement-for-next-1-2-yrs-5-stocks-to-bet-on-ronald-siyoni.jpg)
Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
![Buy JK Lakshmi Cement, target price Rs 915: Axis Securities](https://img.etimg.com/thumb/msid-111219198,width-100,height-75,resizemode-4/markets/stocks/recos/buy-jk-lakshmi-cement-target-price-rs-915-axis-securities.jpg)
Buy JK Lakshmi Cement, target price Rs 915: Axis Securities
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9771.32 Crore) operating in Cement sector.
![Ambuja Cement's acquisition of Penna will spur sector consolidation: Ronald Siyoni](https://img.etimg.com/thumb/msid-110984653,width-100,height-75,resizemode-4/markets/expert-view/ambuja-cements-acquisition-of-penna-will-spur-sector-consolidation-ronald-siyoni.jpg)
Ambuja Cement's acquisition of Penna will spur sector consolidation: Ronald Siyoni
On the demand front, we have seen the cement demand has improved during May, while the companies have also started to initiate price hikes during May. So, there have been some positive developments.
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PSU banks still remain top bet in financial space: Rahul Shah
I think the mood is very positive. Obviously, as you rightly said, a lot of people missed out last Tuesday when we saw the sell-off in the markets and obviously, so I think luckily most of them are still holding on to their positions and not sold it and they are just riding it.
4 stocks closed crossing above VWAP on June 6
On June 6, the closing prices of four stocks from the Nifty500 pack rallied over 1.15% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data. When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.
F&O stocks: Tata Consumer Products, Balkrishna Industries among 5 stocks with long buildup
The emergence of a bullish trend on specific stocks can be deduced by analyzing the open interest data. When a stock's price increases alongside a simultaneous rise in open interest, it suggests a buildup of fresh long positions.
Polycab, Muthoot Finance among 5 stocks with top long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Ashok Leyland, Lupin among 5 stocks with top short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Friday's trading session, five stocks saw top short covering. Here's the list:
F&O stocks: Tech Mahindra, GMR Infra among 5 stocks with short buildup
In Tuesday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.
Tata Steel, National Aluminium among 5 stocks with top short covering
Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:
JK Cement with right growth mix is a buy after shares fall
JK Cement has expanded capacity aggressively over the past few years. Between FY19 and FY24, the sector capacity increased by 4.8% annually while the company’s capacity rose by 16.1%. The company has higher exposure to markets with relatively stable demand. The northern region accounts for 61% of its capacity, central and southern regions form 19% and 16%, respectively, while the rest is contributed by the western region.
View: How monopoly businesses and a consolidating industry hurt consumers and drive economic inequality
Entrants challenge Asian Paints in India's decorative paints sector. Industry consolidation impacts stakeholders. Zephyr Teachout and Viral Acharya advocate curbing monopoly practices for consumer welfare. CCI's role in overseeing big business growth is crucial amid sector consolidation.
Buy JK Lakshmi Cement, target price Rs 1030: Motilal Oswal
JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement, Clinker and Other Operating Revenue for the year ending 31-Mar-2023.
Buy JK Lakshmi Cement, target price Rs 1000: Axis Securities
JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement, Clinker and Other Operating Revenue for the year ending 31-Mar-2023.
Won't be any steep increase in prices in this quarter: Arun Shukla, JK Lakshmi Cement
Prices have not been improved. And I see this quarter also prices are going to be range bound. Maybe we are entering into demand month, so prices may go up a little bit. But it is not going to be that steep increase in this quarter.
Technical Breakout Stocks: How to trade Olectra Greentech, Birla Corp and JK Lakshmi Cement on Monday?
Indian markets pared losses from the previous sessions and closed higher on Friday. The S&P BSE Sensex rose 167 points while the Nifty50 closed above 21,700 levels.
Buy JK Lakshmi Cement, target price Rs 1000: Axis Securities
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9977.83 Crore) operating in Cement sector.
JK Lakshmi Cement likely to retain momentum on expectations of a good Q3 performance
In the September 2023 quarter, JK Lakshmi Cement's revenue grew by 12% year-on-year to Rs1,452 crore. Its sales volume grew by 10%, which was similar to the 11% volume growth at the sector level. The operating profit before depreciation and amortisation (EBITDA) grew by 17% to Rs705 per tonne. Net profit grew by 41% to Rs83 crore.
Chart Check: 18% rally in a month! This cement stock could retest record highs after breakout from W chart pattern
Short-term traders can look to buy the stock for a possible target of Rs 890 in the next 3-6 months, suggest experts.
Buy JK Lakshmi Cement, target price Rs 930: Motilal Oswal
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9248.87 Crore) operating in Cement sector.
Zomato can give another 15-20% upside; betting on 2 market-related platform cos: Hemang Jani
Hemang Jani recommends investing in 360 ONE Wealth and BSE. He believes that 360 ONE Wealth has a compelling product offering and strong growth potential. He also suggests considering BSE due to the increasing cash market volume and traction in their F&O offering. In addition, Jani expresses confidence in PSUs such as NMDC and Coal India, as well as FMCG companies like DMart, Dabur, and Godrej Consumer Products. He also sees potential in Zomato.
Buy JK Cement, target price Rs 3856: ICICI Securities
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 2794.22 Crore, down -.77 % from last quarter Total Income of Rs 2815.85 Crore and up 22.16 % from last year same quarter Total Income of Rs 2287.31 Crore. Company reported net profit after tax of Rs 113.47 Crore in latest quarter.
Buy JK Lakshmi Cement, target price Rs 870: Motilal Oswal Financial Services
JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 8753.48 Crore) operating in Cement sector.
Hold JK Lakshmi Cement, target price Rs 775: ICICI Direct
Promoters held 46.31 per cent stake in the company as of 31-Mar-2023, while FIIs owned 11.68 per cent, DIIs 27.93 per cent.
Buy JK Lakshmi Cement, target price Rs 870: Motilal Oswal Financial Services
The brokerage values the company at 8.5x FY25E EV/EBITDA (v/s Sep’24E earlier) to arrive at its TP of INR870.
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