JK Cement reported higher-than-estimated consolidated operating profit of Rs 6.3 billion, fueled by lower-than-estimated variable costs and higher white cement realization. EBITDA/tonne stood at Rs 1,330.
Motilal Oswal is bullish on JK Cement recommended buy rating on the stock with a target price of Rs 4700 in its research report dated January 23, 2024.
In Wednesdays trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.