Buy JK Cement, target price Rs 3260: Motilal Oswal

Motilal Oswal has buy call on JK Cement with a target price of Rs 3260. The current market price of JK Cement Ltd. is Rs 2764.5.
JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 21341.88 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2022, the company reported a Consolidated Total Income of Rs 2454.81 Crore, up 9.12 % from last quarter Total Income of Rs 2249.64 Crore and up 19.38 % from last year same quarter Total Income of Rs 2056.28 Crore. Company reported net profit after tax of Rs 37.16 Crore in latest quarter.




Promoter/FII Holdings
Promoters held 45.83 per cent stake in the company as of 31-Dec-2022, while FIIs owned 15.88 per cent, DIIs 21.85 per cent.