Sell JK Lakshmi Cement, target price Rs 583: Centrum Broking

Centrum Broking has sell call on JK Lakshmi Cement with a target price of Rs 583. The current market price of JK Lakshmi Cement is Rs 628.5.

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

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 7375.56 Crore) operating in Cement sector.


JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement, Others 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 1226.38 Crore, down -8.64 % from last quarter Total Income of Rs 1342.36 Crore and up 6.68 % from last year same quarter Total Income of Rs 1149.60 Crore. Company reported net profit after tax of Rs 87.29 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.01 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.48 per cent, DIIs 25.29 per cent.