Axis upgrades J K Cement to 'buy' on capacity expansion, volume growth outlook

J K Cement

16/09/2026 05:21

** Brokerage firm Axis Capital upgrades J K Cement JKCE.NS to "Buy" from "Add"; reduces TP to 5,700 rupees from 6,065 rupees due to high energy costs
** Co has been the among the fastest growing cement companies in India over FY20-26--Axis Capital
** Sees planned expansion to provide strong volume growth visibility of greater than 10% compound annual growth rate till FY31
** Pan-India volume market share has risen from 2.5% in FY20 to 4.3% in FY26 and estimates it is on track to reach 4.9% in FY29--Axis Capital
** "With strong execution track record, JKCE continues to offer one of the best multi-year growth visibility in the sector," says Axis
** 22 out of 28 analysts rate the stock "buy" or higher, median PT at 6,248 rupees
** Shares up 0.12%; YTD, JKCE down 12.2%      
     

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))