Buy State Bank of India and Add JK Lakshmi Cement Limited

Buy State Bank of India:

state-bank-of-india-logo

State Bank of India has officially announced a consolidated sales of Rs. 97,182.15 Cr for the third quarter finished on 31-12-2020, which is 1.90% down from its previous quarter sales of Rs. 95,373.50 Cr and 1.88% up from its previous year same quarter sales of Rs. 95,384.28 Cr. The company has reported a net profit after tax of Rs. 6,257.55 Cr in the previous quarter.

Outlook:

State Bank of India: Experts suggested buy call at current market price: Rs. 409 with a target price: Rs. 473.

Add JK Lakshmi Cement Limited:

JK Lakshmi Cement Limited

JK Lakshmi Cement Ltd has officially announced a consolidated sales of Rs. 1,280.22 Cr for the third quarter finished on 31-12-2020, which is 11.36% up from its previous quarter sales of Rs. 1,149.60 Cr and 17.14% down from its previous year same quarter sales of Rs. 1,092.91 Cr. The company has reported a net profit after tax of Rs. 118.44 Cr in the previous quarter.

Outlook:

JK Lakshmi Cement Ltd: Experts suggested buy call at current market price: Rs. 387.9 with a target price: Rs. 394.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.