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JK Lakshmi Cement Q2FY18: Decent Performance on Better Realisation; BUY -
JK Lakshmi Cement Q2FY18: Decent Performance on Better Realisation; BUY
Reliance Securities | Published: 14 Nov, 2017  | Source :

We continue to like JKLC on the backdrop of the initiatives undertaken to improve operations in Eastern markets by means of WHRS, CPPs, commissioning of conveyor belt. We believe that commissioning of CPP and WHRS is likely to improve Durg plant’s operations. Further, favourable demand scenario in key markets is likely to aid JKLC to register sales volume growth of 12% CAGR over FY17-FY19E. We upgrade our recommendation on the stock to BUY from HOLD with a revised Target Price of Rs500 (9x FY19E EBITDA).

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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