India's JK Lakshmi Cement falls as Q2 profit nosedives ~91%

JK Lakshmi Cement

07/11/2024 04:12

** Shares of JK Lakshmi Cement  JKLC.NS  fall as much as
3.6% to 771.30 rupees; on track to end week in the red
    ** JKLC reports ~91% slide in its Q2 profit, hurt by lower
cement prices and decline in sales volume due to monsoon
    ** Stock rated "hold" on avg; median PT is 906 rupees - LSEG
    ** JKLC last down 3.5%, extending YTD losses to ~14%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))