"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.

Ultratech Cement on Thursday announced a 22.6mtpa increase in its grinding capacity via a mix of brownfield and greenfield .

Geojit is bullish on JK Lakshmi Cements has recommended buy rating on the stock with a target price of Rs 552 in its research report dated May 25, 2022.

Anand Rathi is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 661 in its research report dated May 23, 2022.

Prabhudas Lilladher recommended accumulate rating on JK Lakshmi Cement with a target price of Rs 570 in its research report dated May 20, 2022.

Benchmark indices- BSE Sensex and Nifty50 settled about 3 per cent higher each, whereas the midcap index also surged 3 per cent during the week. However, smallcap peers outperformed the bigger indices gaining 4 per cent during the period

ICICI Direct recommended hold rating on JK Lakshmi Cement with a target price of Rs 580 in its research report dated May 20, 2022.

Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 600 in its research report dated May 19, 2022.