Buy JK Cement, target price Rs 4070: ICICI Securities

ICICI Securities has buy call on JK Cement with a target price of Rs 4070. The current market price of JK Cement Ltd. is Rs 3307.65.

Time period given by analyst is one year when JK Cement Ltd. price can reach defined target.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 25508.95 Crore) operating in Cement sector.


JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1942.96 Crore, up 11.57 % from last quarter Total Income of Rs 1741.47 Crore and up 16.84 % from last year same quarter Total Income of Rs 1662.95 Crore. Company reported net profit after tax of Rs 149.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.44 per cent, DIIs 20.04 per cent.