Buy JK Lakshmi Cement, target price Rs 950: Axis Securities

Axis Securities has buy call on JK Lakshmi Cement with a target price of Rs 950. The current market price of JK Lakshmi Cement Ltd. is Rs 827.55.

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9981.36 Crore) operating in Cement sector.

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



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1576.96 Crore, down -12.74 % from last quarter Total Income of Rs 1807.15 Crore and down -9.44 % from last year same quarter Total Income of Rs 1741.38 Crore. Company reported net profit after tax of Rs 65.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.34 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.34 per cent, DIIs 25.33 per cent.