Buy JK Lakshmi Cement, target Rs 550: Reliance Securities

Reliance Securities has a buy call on JK Lakshmi Cement with a target price of Rs 550.

The current market price of JK Lakshmi Cement is Rs 449.80.

Time period given by the brokerage is one year when JK Lakshmi Cement price can reach defined target.


JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 5,292.80 Crore) operating in Cement sector.

The company’s top management includes Dr.Raghupati Singhania, Dr.S Chouksey, Mr.B V Bhargava, Mr.Bharat Hari Singhania, Mr.K N Memani, Mr.N G Khaitan, Mr.Pradeep Dinodia, Mr.Ravi Jhunjhunwala, Mr.S K Wali, Mrs.Vinita Singhania.

Company has S S Kothari Mehta & Co as its auditors.

As on 31-12-2017, the company has a total of 117,670,066 shares outstanding.