Shukla said the cement concrete roads have more longevity and in the long run and it is more cost-effective than bitumen roads
Net Sales are expected to increase by 13.1 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 1,754.8 crore, according to Nirmal Bang.
Anand Rathi is bullish on JK Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 388 in its research report dated November 09, 2020.
Net Sales are expected to increase by 5.7 percent Y-o-Y (down 16.7 percent Q-o-Q) to Rs. 976.2 crore, according to HDFC Securities.
Jai Bala of 1857 Advisors feels that Grasim Industries may go upto Rs 4200.
Nirmal Jain of IIFL remains overweight on technology and pharma stocks and prefers sticking to them in the current market scenario.
Cement industry has been battling tough conditions since past couple of months due to hike in diesel and fuel prices which may lead to a hike of around Rs 10-15 per bag shortly, says Shailendra Chouksey.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
Bank of Baroda | Tata Power | Idea | Mahindra Holidays | Bilcare | Bharti Airtel | Power Grid | Ashok Leyland and JK Lakshmi are stocks | which are in news today.
Angel Broking has come out with its earnings estimates on cement sector for December quarter FY13. The research firm expects top-line to grow by 13.2% yoy and Margins to remain under pressure.
Vijay Goel, Research Analyst, ICICI Direct, says that the numbers of ACC and Ambuja Cement are in line with the expectation. He however feels that JK Lakshmi Cement has fallen short of expectations. In the cement space, he is positive on Orient Paper and Industries, Heidelberg Cement India and Mangalam Cement.
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
Pioneer Embroiders | Allcargo Logistics | Motherson Sumi | JK Lakshmi Cements | M&M | Subex | Manappuram Finance | Tulip Telecom | SREI Infra | Dhanalaxmi Bank and M&M are stocks, which are in the news today.
Oil India | Coal India | Fortis Health | Esab India | JK Lakshmi Cement | Syndicate Bank | Shreyas Shipping | Aanjaneya Lifecare and Fame India are stocks, which are in the news today.
Speaking to CNBC-TV18, Shailendra Chouksey, wholetime director, JK Lakshmi said that their current capacity is 4.8 million tonne. The company is working on several projects to boost capacity.
Angel Broking has come out with its earning estimates on cement sector for the quarter ended June 2011. According to the research firm, JK Lakshmi quarter net sales are expected to go down by 0.2% at Rs 323 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, J K Lakshmi quarter sales are expected to go down by 20.5% at Rs 351 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on Cement sector for the quarter ended December 2010. According to the research firm, JK Lakshmi quarter sales are expected to go down by 8.7% at Rs 332 crore, Year-on-Year, (YoY) basis.