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Buy JK Cement, price target Rs 1,570: Dharmesh Shah

The analyst suggested a stoploss at Rs 1440.

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Last Updated: Feb 25, 2020, 08.10 AM IST
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JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 11542.33 Crore) operating in Cement sector.
Dharmesh Shah of ICICI Direct has a buy call on JK Cement Ltd. with a target price of Rs 1570.0 . The current price of JK Cement Ltd. is Rs 1493.8 . Dharmesh Shah recommended to keep a stoploss at Rs 1440 .

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 11542.33 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement which contributed Rs 4919.19 Crore to Sales Value (98.75 % of Total Sales) and Other Operating Revenue which contributed Rs 62.11 Crore to Sales Value (1.24 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1471.78 Crore, up 11.70 % from last quarter Sales of Rs 1317.63 Crore and up 10.81 % from last year same quarter Sales of Rs 1328.23 Crore Company has reported net profit after tax of Rs 124.30 Crore in latest quarter.

As on 31-12-2019, the company has a total of 77,268,251 shares outstanding.

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