Anand Rathi has given Buy recommendation for JK Lakshmi Cement with a target price of Rs. 661 in its research report issued on May 23, 2022

Anand Rathi’s research report on JK Lakshmi Cement

Strong volume growth and operating efficiencies led to JK Lakshmi’s reported best quarterly performance. WHRS savings, a solar power plant (to be set up), greater share of alternative fuel, etc., would help contain high costs. With capacity expansion at its subsidiary, standalone volume growth would come from the improving blended mix and higher capacity utilisation.


We retain our Buy call, with a TP of Rs661 (Rs727 earlier).

Leave a Reply

Your email address will not be published. Required fields are marked *