Monday, August 17, 2020

JK Lakshmi Cement Ltd. ( JKLAKSHMI) Stock/Share Price | Future Outperformer

JK Lakshmi Cement Ltd. ( JKLAKSHMI) Stock/Share Price 271

Sector   Cement

JK Lakshmi Cement Limited is engaged in the cement business. JK Lakshmi Cement comes in three variants: Cement 53 Blended, 53 Grade O.P.C and 43 Grade O.P.C. A few applications of JK Lakshmi Cement 53 (blended) are: plastering, underground structures, dams, heavy machinery foundations, marine structures and hydropower stations. Its 53 Grade O.P.C. is used for: high-rise buildings, industrial works, pre-stressed concrete work, such as bridges, silos, and pre-cast elements, such as railway sleepers and concrete poles.




Key Signals 

  • Company has delivered good profit growth of 125.69% CAGR over last 5 years
The company is undergoing expansion of capacity by 2.5 Mn MTPA at Udaipur Plant. The project is expected to cost Rs 1500 Cr. and will be implemented over a three years period and is expected to be completed by Q3FY23

The Co. is pursuing the strategy of outsourcing of grinding capacities in attractive markets.

JKLAKSHMI ON DAILY CHARTS



jk lakshmi cement share stock price , www.finvestonline.com

Stock is currently in strong uptrend and this recent dips should be utilized as buying opportunity for long term basis. Buy on dips and hold firmly. Now stock can test 348 in short term , 513 in mid term and 794 in long term. So from here hold it firmly and follow buy on dips.





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