Net Sales are expected to increase by 21.6 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs. 1,451 crore, according to Motilal Oswal.

Geojit recommended sell rating on JK Lakshmi Cement with a target price of Rs 710 in its research report dated December 29, 2022.

UTI AMC shares had a gap up opening and gained more than 11 percent to Rs 859.55, the highest closing level since August 16 this year. The stock has formed long bullish candle on the daily charts with large volumes, and has seen a breakout of horizontal resistance trend line adjoining several points (February 9, February 17, and August 30 this year).

I am a little worried with the kind of momentum we are seeing with smaller bank stocks be it PSU banks, Yes Bank and many other midcap infra companies.

JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 10017.84 Crore) operating in Cement sector.

The stock oscillated downwards post a trendline breakout and bounced respecting that extended trendline subsequently. This could take the stock towards Rs 332-340-357 in the short term. The key technical indicators gave a buy signal post-bullish divergence. On the lower side, the stock will find support around its prior swing low, which is placed at around Rs 279.

In the Nifty pack, 25 stocks closed in the green, while 24 stocks ended in the red.

Satin Creditcare, Vasa Retail & Overse, Indian Terrain, TTK Healthcare and JK Lakshmi Cement, hit their fresh 52-week highs during the day.

The Nifty IT index closed 0.52 per cent down at 30891.5.

The Nifty Pharma index closed 0.26 per cent down at 13052.9.

The Nifty Auto index closed 0.3 per cent down at 13007.55.

In the Nifty50 index, 25 stocks closed in the green, while 24 stocks ended in the red.

In the Nifty 50 index, 25 stocks ended in the green, while 24 stocks closed in the red in today's trade.

Apollo Hospital, Tata Motors, RIL, Tech Mahindra and SBI Life were among the top losers on NSE in today's trade.

JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9214.15 Crore) operating in Cement sector.

Muted demand and higher costs hit their profitability hard enough that the operating profit per tonne for the sector dropped to a decade-low in the September quarter. The rise in costs outpaced the growth in realisations for most of the companies in the previous quarter.

“In the midcap-smallcap side of the basket, sector wise, we like banks as a sector, we like capital goods or industrials and then of course auto and consumer discretionary. These are the four broad sectors that we like. When we look at banks, we are definitely looking at the tier two banks, the likes of Federal Bank and DCB, banks which make an interesting case and even a bank like Ratnakar Bank Ltd.”

ICICI Direct is bullish on JK Lakshmi Cement recommended buy rating on the stock with a target price of Rs 780 in its research report dated November 08, 2022.

Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 750 in its research report dated November 04, 2022.

Motilal Oswal is bullish on J K Lakshmi Cement recommended buy rating on the stock with a target price of Rs 730 in its research report dated November 04, 2022.

Bharti Airtel, 3i Infotech, Asahi India Glass, Castrol India, LT Foods, Larsen and Toubro, Saregama Industries, Swaraj Engines, Tata Steel, VST Tillers, Mold-Tek, TCI Express, Equitas Small Finance Bank, Motherson Sumi etc.

“UPL is a Nifty name and it has been down partly because of fears that their performance in Europe will be weak. However, the other geographies in which it operates look very strong including India. The stock trades at a very low valuation of about 9 times for a business of its size and a company of its size. The stock clearly offers sufficient upside over the next six to 12 months. ”

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1661.05 crore, up 2.81 per cent from last quarter total income of Rs 1615.66 crore and up 23.74 per cent from last year same quarter total income of Rs 1342.36 crore.

“Hotel companies will continue to do well. If they are put in two brackets – one is the mid income and above mid income which is where Mahindra Holidays, Thomas Cook fall into and then the luxury end of the segment which includes India Hotels, Chalet Hotels, Taj Hotels and the Marriotts of the world.”

“The Indian market is slightly outperforming the world markets and I do not think that it is sustainable.In the extreme short term, market going to go very close to the record highs registered in October 2021 or slightly exceed that. Then it is going to begin a larger correction.”

“Volume growth is coming back in the markets that JK Lakshmi operates in as well as Dalmia Bharat because it has a strong presence in the south. Southern construction activity had been weak due to unusual rains. Even Heidelberg looks good. So Dalmia Bharat and JK Lakshmi are amongst the top picks among the smaller names.”

“The banking sector will continue to outperform, especially if the global money keeps coming in. They will again look for the same quality stocks which they held earlier and sold; which they will buy or even if they did not hold them earlier they will be looking to buy only the quality stocks. ”

“Global freight rates are easing, down by 40% to 60% on main routes since January currently and are expected to further go down. This has been putting downward pressure on imported fuel prices. Our top picks in the cement sector are UltraTech, Shree Cement, Dalmia Bharat, JK Lakshmi Cement and Shree Cement.”

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1661.05 crore, up 2.81 per cent from last quarter total income of Rs 1615.66 crore and up 23.74 per cent from last year same quarter total income of Rs 1342.36 crore.

"If the index sustains above 17,018, it can extend the upswing towards 17,550 where a slew of resistance points are placed. However, the swift up move from the lows of 16,438 to a high of 17,170 in just three trading sessions can lead to some consolidation or profit booking," Mohammad said.

Prabhudas Lilladher recommended accumulate rating on JK Lakshmi Cement with a target price of Rs 555 in its research report dated July 29, 2022.

Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 560 in its research report dated July 29, 2022.

ICICI Direct recommended hold rating on JK Lakshmi Cement with a target price of Rs 505 in its research report dated July 29, 2022.

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 5165.72 Crore) operating in Cement sector.

Net Sales are expected to increase by 18.9 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs 1,464.3 crore, according to Prabhudas Lilladher.

Cement stocks, excluding a few such as ACC and Ambuja, have corrected by 25-40% over the last six months, driven by a muted pricing scenario in a cost inflationary environment. But the current trading multiple of the sector is higher than the long-term median multiple. Still, analysts remain positive on UltraTech, Ambuja, ACC, Dalmia Bharat, Shree Cement and JK Lakshmi Cement.

Kamala Cottage has carpet area of nearly 8,000 sq ft across ground plus one storey structure on the land parcel. The property is freehold and there are no restrictions of any nature on sale, transfer or usage on the same. Both promoters of K Raheja Corp have together paid stamp duty of Rs 15.90 crore for the propertys registration.

The brokerage firm noted that the risk of downgrades in earnings estimates has resurfaced. "Multiple markets declined due to weak demand and the smallest decline was seen in the western region and the largest in the central region," it said.