India's JK Lakshmi Cements up on Q2 profit rise

JK Lakshmi Cement

03/11/2023 04:05

** Shares of JK Lakshmi Cement  JKLC.NS  rise as much as
6.8% to 719 rupees, highest since July 3
    ** Stock logs steepest intraday pct gain since June 2
    ** Co reported on Thursday its Q2 net PAT surged 40.8% Y/Y,
rev from ops up 11.5%
    ** More than 808,496 shares change hands by 09:26 a.m. IST,
3.6x its 30-day avg    
    ** Mean rating of 14 analysts covering the stock is "buy";
median PT is 761 rupees - LSEG data
    ** Stock currently up 5.5% trimming YTD fall to ~11%


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))