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JK Cement zooms 111% in 6 months on strong operational performance


Shares of JK Cement, on Wednesday, rallied 5 per cent to hit a new high of Rs 3,025 in intra-day trade on the BSE. The stock was trading higher for the third straight day, surging 10 per cent during the period.
In the past six months, JK Cement s share price has zoomed 111 per cent, after the company reported a strong operational performance. The management’s efforts to improve cost efficiencies through newly added capacities (4.2 MT) are expected to drive profitability. In comparison, the S&P BSE Sensex has rallied 32 per cent during the same period.
For the second consecutive quarter, JK Cement has reported volume growth of more than 20 per cent year on year (YoY). This was primarily due to volume push from its recently added capacities. Given the buoyant demand scenario in North, the management has been able to grow volume without affecting realizations much. ....

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Cement stocks in demand; Dalmia Bharat, JK Cement, Ramco Cement at new high


Shares of cement companies were in demand on Friday with Dalmia Bharat, JK Cement, and Ramco Cement hitting their respective new highs, while Ambuja Cements, Birla Corporation and Prism Johnson touched their respective 52-week highs on the BSE in intra-day trade. The stocks climbed up to 7 per cent, as compared to 0.18 per cent rise in the S&P BSE Sensex, at 51,625 points, at 10:32 am.
The government’s thrust on infrastructure spending and affordable housing bodes well for cement demand. Analysts expect cement demand to remain flat in FY21, but grow 11 per cent year on year in FY22 – on the back of government spending on infrastructure and affordable housing. We prefer companies that are moving down the cost curve, have the potential to gain market share, and provide valuation comfort, Motilal Oswal Securities said in Union Budget 2021-22 update. ....

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JK Cement Ltd.: JK Cement shares gain over 5% after Q3 earnings


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NEW DELHI: Shares of JK Cement Ltd on Monday gained over 5 per cent after the company posted a nearly 75 per cent rise in its consolidated net profit for the third quarter ended December 2020. The stock jumped 5.67 per cent to Rs 2,364 on the BSE. It gained 5.66 per cent to Rs 2,365 on the NSE.
On Saturday, JK Cement Ltd reported an increase of 74.82 per cent in its consolidated net profit to Rs 217.28 crore in the 2020 December quarter. It had a profit of Rs 124.29 crore in the year-ago period.
The company s revenue from operations in the latest December quarter climbed around 25 per cent to Rs 1,832.71 crore compared to the same period a year ago. ....

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