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.

Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 850 in its research report dated May 22, 2023.

HDFC Securities is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 815 in its research report dated May 22, 2023.

HDFC Securities is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 815 in its research report dated May 22, 2023.

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.

The brokerage values the company at 8.5x FY25E EV/EBITDA (v/s Sep24E earlier) to arrive at its TP of INR870.

The upcoming Udaipur expansions in FY24E should boost volume growth.

For the fiscal ended March 2023, JK Lakshmi Cement's net profit was 22.7 per cent down to Rs 369.11 crore.

Nirmal Bang's recent report suggests that Dalmia Bharat and Birla Corporation Ltd are set to benefit from the government's significant investments in infrastructure facilities and connectivity in the central region.

Oriana Power has commissioned a floating solar power project in Rajasthan for Udaipur Cement Works, which is expected to generate about 1.7 million units of electricity and save around 4.4 million litres of water per year. Anirudh Saraswat, co-founder and chief business officer of Oriana Power, said: "This has the potential to make Rajasthan a highly preferred destination for solar energy at the global level.

JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9405.96 Crore) operating in Cement sector.

Pan-India average price is down 1% month-on-month in March 2023 and flat on the quarter-to-date basis in 4QFY23. The cement players attempted price hikes in February-March 2023 however, a significant portion of the hikes was reversed by offering discounts, incentives and price cuts. As a result, the all-India average cement price appears to be flat to marginally negative in 4Q v/s 3QFY23

“Down-sloping” channel breakout from all time high of Rs 897. Sustaining above 20, 50, 100 & 200 SMAs.

The ratio charts of JK Lakshmi Cement against benchmark Index Nifty is rising which illustrates the clear outperformance of the stock.

The Credit Suisse and SVB banking issues are causing some nervousness in the market, as the consequences of a lack of lending to small and medium businesses could have a domino effect on the global financial market. Regional banks play a very important role in the SME lending of the US, and if all those companies are to see a credit crunch, the recession that the US, the Fed wanted, is probably going to happen in an unruly way.

Sharekhan recommended hold rating on JK Lakshmi Cement with a target price of Rs 830 in its research report dated February 13, 2023.

HDFC Securities is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 855 in its research report dated February 13, 2023.

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.