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Last Updated : Jun 22, 2020 10:31 AM IST | Source: Moneycontrol.com

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.

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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.


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

For all recommendations report, click here

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First Published on Jun 22, 2020 10:31 am