Buy JK Cement, target price Rs 3360: Motilal Oswal

Motilal Oswal has buy call on JK Cement with a target price of Rs 3360. The current market price of JK Cement Ltd. is Rs 3003.8.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 23297.15 Crore) operating in Cement sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1862.94 Crore, up 12.03 % from last quarter Total Income of Rs 1662.95 Crore and up 24.61 % from last year same quarter Total Income of Rs 1494.97 Crore. Company reported net profit after tax of Rs 217.29 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.7 per cent, DIIs 24.7 per cent and public and others 18.4 per cent