India's JK Lakshmi Cement hits record high on Q3 profit jump

Shree Cement

09/02/2024 04:28

** Shares of JK Lakshmi Cement  JKLC.NS  up 4.8% to a record
high of 955.05 rupees
    ** Logs its steepest rise since early Nov. 
    ** Co reported a ~69% rise in profit after tax, rev from ops
up 6.6%
    ** Analysts' avg rating on JK Cement is equivalent of "buy"
on the stock, their median PT is 842 rupees - LSEG data
    ** Analysts' avg rating on peers UltraTech Cement  ULTC.NS ,
ACC  ACC.NS  is also "buy"; Shree Cement  SHCM.NS  is "hold"
    ** JK Lakshmi has risen about 49.5% in past six months, more
than the 13.5% to 28% gain in the three peers named above

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))