India's J K Cement closes higher after Jefferies maintains stock as top midcap pick

J K Cement

27/03/2025 10:23

March 27 - ** J K Cement JKCE.NS closes 3.68% higher at 4,885.80 rupees after Jefferies reiterates stock as top midcap pick

** Session's pct. gain best in nearly 4 months

** Cement demand growth better in second half of FY25 vs flat y/y growth in first half, says brokerage after meeting with co's management

** Adds rural demand, which makes up 50% of trade sales, has returned, stabilizing pricing trends

** JKCE targeting ~10% vols growth in FY26; sees pricing improve by 100 rupees per tonne q/q in Q4 FY25- brokerage

** JKCE shares have gained ~20% in the last 12 months

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))