Anand Rathi is bullish on J K Cements has recommended buy rating on the stock with a target price of Rs 1534 in its research report dated June 21, 2020.
Broker Research
@moneycontrolcom
Anand Rathi 's research report on J K Cements
On higher realisations and cost savings in Q4, J K Cements’ EBITDA rose 24% y/y, though revenue dipped 1% y/y on lower volumes. The company said all capex would begin with a delay of 3-4 months and it would focus on cost optimisation and conserving cash. We expect the ongoing expansion to keep leverage high; however, the ramp-up of the new capacities would help restrict volumes falling y/y in FY21.
Outlook
We retain our Buy rating, with a higher target of `1,534 (earlier `1,287).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
WEBINAR: Tune in to find out how term insurance can provide risk protection during tough times. Register Now!
Read MoreFirst Published on Jun 22, 2020 10:31 am
