JK Cement share price: Hold JK Cement, target price Rs 2360: Emkay Global

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Emkay Global has hold call on JK Cement with a target price of Rs 2360. The current market price of . is Rs 2129.8. Time period given by analyst is one year when Ltd. price can reach defined target.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 16399.80 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2392.98 Crore, up 16.37 % from last quarter Total Income of Rs 2056.28 Crore and up 10.37 % from last year same quarter Total Income of Rs 2168.19 Crore. Company reported net profit after tax of Rs 199.65 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 45.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.5 per cent, DIIs 20.63 per cent.

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