Buy JK Cement, target price Rs 5050: Motilal Oswal

Motilal Oswal has buy call on JK Cement with a target price of Rs 5050. The current market price of JK Cement Ltd. is Rs 4511.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 34793.89 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 2973.29 Crore, up 6.87 % from last quarter Total Income of Rs 2782.10 Crore and up 21.12 % from last year same quarter Total Income of Rs 2454.81 Crore. Company reported net profit after tax of Rs 283.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.7 per cent stake in the company as of 31-Dec-2023, while FIIs owned 15.25 per cent, DIIs 24.01 per cent.