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    HomeNewsBusinessBuy J K Cements; target of Rs 1534: Anand Rathi

    Buy J K Cements; target of Rs 1534: Anand Rathi

    Anand Rathi is bullish on J K Cements has recommended buy rating on the stock with a target price of Rs 1534 in its research report dated June 21, 2020.

    Broker Research
    June 22, 2020 / 10:31 IST
       
       
      26 Aug, 2025 12:21
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      Anand Rathi 's research report on J K Cements

      On higher realisations and cost savings in Q4, J K Cements’ EBITDA rose 24% y/y, though revenue dipped 1% y/y on lower volumes. The company said all capex would begin with a delay of 3-4 months and it would focus on cost optimisation and conserving cash. We expect the ongoing expansion to keep leverage high; however, the ramp-up of the new capacities would help restrict volumes falling y/y in FY21.

      Outlook

      We retain our Buy rating, with a higher target of `1,534 (earlier `1,287).

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jun 22, 2020 10:31 am

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