Buy JK Lakshmi Cement, target Rs 535.0 : ICICI Direct

ICICI Direct has Buy call on JK Lakshmi Cement Ltd. with a target price of Rs 535.0 .The current market price of JK Lakshmi Cement Ltd. is 495.25 Time period given by the brokerage is Intra Day when JK Lakshmi Cement Ltd. price can reach defined target. ICICI Direct recommended to keep stop loss at Rs 470.0 .

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (with a market cap of ₹ 5757.60 crore) operating in Cement sector.

JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement which contributed ₹ 2513.26 Cr to Sales Value (85.50 % of Total Sales), Others which contributed ₹ 421.60 Cr to Sales Value (14.34 % of Total Sales) and Other Operating Revenue which contributed ₹ 4.49 Cr to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 670.89 Cr., up 2.34% from last quarter Sales of ₹ 655.57 Cr. and up 3.49% from last year same quarter Sales of ₹ 648.28 Cr. Company has reported net profit after tax of ₹ 7.60 Cr. in latest quarter. The company’s CEO is Mr.Bharat Hari Singhania. It's Board of Directors include Mr.Brijesh K Daga, Dr.Raghupati Singhania, Dr.S Chouksey, Mr.B V Bhargava, Mr.Bharat Hari Singhania, Mr.Brijesh K Daga, Mr.K N Memani, Mr.N G Khaitan, Mr.Pradeep Dinodia, Mr.Ravi Jhunjhunwala, Mr.S K Wali, Mr.Sudhir A Bidkar, Mrs.Vinita Singhania. Company has its registered office at Gulab Bhawan,, 3rd Floor (Rear Block),, 6A, Bahadur Shah Zafar Marg, New Delhi, 110002, Delhi. Company has Lodha & Co. as its auditors. As on 31-03-2017, the company has a total of 117,670,066 shares outstanding.