J.K. Cement - 3QFY17 Result Update - Healthy Operating Performance amid Dismal Volume Growth - Reliance Securities

Given the favourable demand environment in Northern and Southern markets with expected demand pick-up in Western markets, we expect JKC's sales volume to see a healthy traction, going ahead. Further, recent price increase in Western markets will lead to better margins in ensuing quarters. We reiterate our BUY recommendation on the stock with an unrevised Target Price of Rs1,000.

Shares of J.K.CEMENT LTD. was last trading in BSE at Rs.831.2 as compared to the previous close of Rs. 839.2. The total number of shares traded during the day was 2512 in over 160 trades.

The stock hit an intraday high of Rs. 844.95 and intraday low of 831.2. The net turnover during the day was Rs. 2101101.

Source : Equity Bulls

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