India's JK Lakshmi Cement jumps after Q4 profit rise

JK Lakshmi Cement

24/05/2024 05:19

** Shares of India's JK Lakshmi Cement  JKLC.NS  up 3.2%,
easing off a 7.4% jump earlier in the session 
    ** Cement maker's Q4 profit rose on cost control measures,
while rev took a hit from weak pricing  
    ** Trading vols ~7x 30-day avg 
    ** Co rated "buy" on an average with median PT 1,000 rupees
- LSEG data
    ** YTD stock down ~9% after a 10% gain in 2023 - its fourth
straight annual gain 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))