Sharekhan is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 372 in its research report dated July 09, 2020.
Sharekhan's research report on JK Lakshmi Cement
JKL has trebled consolidated capacities over the past decade, limiting leverage, growing earnings at a healthy pace. Company will focus to further de-leverage balance sheet; it awaits improvement in macros to further expand capacities. Healthy balance sheet, efficient operations, favourable regional operations and attractive valuation make us positive on stock.
Outlook
Initiate coverage on JK Lakshmi Cement (JKL) with a Buy rating and price target of Rs. 372.
For all recommendations report, click here
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